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


To: tdl4138 who wrote (44506)5/11/1999 4:28:00 PM
From: SliderOnTheBlack  Read Replies (3) | Respond to of 95453
 
Here comes the "Spin Doctors'' - CNBC spot !

...too far - too fast & due for a ''sharp'' correction etc.

Time will tell - I see a shakeout attempt to be able to buy cheaper by the street here. I just read a savvy industry report on how the major Oils & Independants earnings in Q3-4 will have to be dramatically upgraded if Oil & Gas prices hold....

The games have begun.... good, bad, or indifferent - the Street's Manipulation is beginning.... again; it doesn't matter what we think, or what we ''know'' to be true - they have the power to shake it up & take it down and that seems the direction they want to be taking her here imho....

Time to be carefull out there....

Not a bad time to be under the radar on these small caps.



To: tdl4138 who wrote (44506)5/11/1999 5:59:00 PM
From: Wowzer  Respond to of 95453
 
CRZO

The preferred is a negative which I don't like, but all the little E&P seemed to be burdend with quite a bit of debt. So I am using the shot gun approach and diversifying with about 6 to 7 of these little E&P's. Since I believe oil and gas are heading higher in the next 6 to 12 months and these little guys could really move from current levels. Hopefully these guys can just hang on and they all don't go chap 11 on me, but they aren't for the faint of heart....

Rory