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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (15467)	5/11/1999 5:39:00 AM
From: Ditchdigger	Respond to of 29382

Morning Sergio,congrats on the Russell performance..I'm still hanging in there with the JAGTX fund also..Even after the NAZ pullback, the fund is still +36% YTD......;^)DD (Go FLC!!!--my hype for the day<g>) PS: will check in at lunchtime,,love working close to home....

To: Sergio H who wrote (15467)	5/11/1999 6:02:00 AM
From: Ditchdigger	Respond to of 29382

OT,,tough job I have going,,working in about 2.5' deep of "baby diaper mud" <lol>...No better description--slimey,sloppy clay, the kind that sucks the boots right off your feet.My counterparts in the south call it "gumbo"<g>.Amazing stuff-clay,hard as a rock when dry,but when wet, it's like jello<g>..DD PS: for the daring and nimble--NTAH, took off yesterday, on high volume..

To: Sergio H who wrote (15467)	5/11/1999 6:25:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 29382

A borrowed post-for those oil believers<g>(FWIW, I think CSCO reports today--Come on split!!!!<g>...Also BP Amoco(BPA)--I think reports today) ""OPEC achieves 85% compliance..." says IEA LONDON -(Dow Jones)- The International Energy Agency estimated Monday that members of the Organization of Petroleum Exporting Countries made good on about 85% of the oil-production cuts the cartel pledged in March. Under that agreement, OPEC members, with the exception of Iraq, agreed to take 1.7 million barrels of crude off the world market every day, starting April 1. The agreement was part of a pact among oil-producing nations to trim production to boost sagging prices. That agreement led to a torrid $7-a-barrel rise in crude-oil prices over the past two months, although some analysts are now suggesting that the market may be due for a correction. The results of the IEA report were basically in line with analysts' estimates and those made last week by various news agencies. But more importantly, the IEA said stronger demand from Europe and Asia, coupled with the seasonal upturn in gasoline, has caused the Paris-based group to revise up its global oil demand estimate by 90,000 barrels a day from last month. The IEA said recovering demand, along with the production cutbacks, should help to slim down global crude inventories. OPEC and other oil producers failed to adjust their production last year or adhere closely to previously agreed upon production cuts. That led to bulging stockpiles and crude prices reaching 12-year lows of about $10.35 a barrel last December. Last week, crude futures reached $19 a barrel before pulling back. In morning trading Monday on the New York Mercantile Exchange, crude set for June delivery was down 14 cents at $18.08 a barrel. In agreements that reach back to last year, OPEC promised to cut production by about 4.3 million barrels a day. The IEA said members have reduced production by about 3.7 million barrels a day so far. OPEC itself doesn't officially report its output, leaving analysts to derive world supply figures by counting oil-tanker traffic, a highly inexact science that creates broad swings in estimates. Analysts don't even agree on whether OPEC's compliance should be counted from its first agreements in February 1998 or its last one on March 23. Oil analyst Roger Diwan, director of global oil markets at Petroleum Finance Co., told The Wall Street Journal he estimates OPEC compliance with all of its production cuts dating back to March at 63%, or 2.7 million barrels. Diwan also said the Mediterranean Sea is awash with oil cargoes and more crude is flowing from Africa toward the U.S. Diwan believes the markets will have to wait until June, when May production figures are available, to get a better feel for OPEC compliance and summer demand for gasoline. Next Previous