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

To: SliderOnTheBlack who wrote (43977)	5/5/1999 10:59:00 AM
From: Post_Patrol	Read Replies (2) \| Respond to of 95453

$lither, I guess we're mere amateurs, 'cause we're adding to our positions on any weakness. We are investors not traders. We don't have the time to tell you our cost basis but its cheap. I guess we're amateurs. We just wait for people like you to panic. Panic yet $lither??? Regards,

To: SliderOnTheBlack who wrote (43977)	5/5/1999 12:09:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Of COURSE the intl majors are shorting oil. They pay royalties based on the price of oil. It is in their best interests to short if there is any chance the price is a speculative bubble. What you DIDN"T mention in your quote was the sentence before the one you quoted, which essentially said that if the oil majors are wrong then their covering will drive prices sharply higher. How often have they been right lately (VVBG!)?? Were they right about OPEC coming to an agreement? About the level of compliance? About Asia or South America? About ANYTHING? Texaco faces royalty suit by group cnnfn.news-real.com