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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (43842)	5/4/1999 1:47:00 AM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 95453

Slider, That's what my buddy said from a major independent today. I do not know if that price is correct but I can state that the current drilling status for natural gas in NA will not replace reserves unless some truly miracle wells are drilled in numerous locations- that is statistically unlikely of course..... Slider I raised a little cash here too. There is no doubt that we have a breakout on the upside in cyclical stocks. But we should also have a pause and retracement in the market after reaching 11,000 here, if we follow the average a pattern after hitting a "1,000" milestone. So long term (six months) big bull in energy/OS stocks. Short-term I'll bet on some retracement here.....