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

To: SliderOnTheBlack who wrote (45592)5/27/1999 5:08:00 PM
From: dfloydr  Read Replies (1) | Respond to of 95453
 
Slider,

I have not seen any news on MEXP to explain the recent swoon. Have you run into anything? Gas prices have held up well, even increased.

As I agree with your overview on natural gas it seems odd that MEXP should retreat more than anything else in my portfolio.



To: SliderOnTheBlack who wrote (45592)5/27/1999 5:10:00 PM
From: WWS  Read Replies (1) | Respond to of 95453
 
Slider, if Y2K problems materialize, one repeated prediction is that electric and gas utilities are particularly vulnerable. If this were to happen (and I'm not predicting, just wondering) wouldn't there be less rather than more demand for oil/gas?



To: SliderOnTheBlack who wrote (45592)5/27/1999 7:18:00 PM
From: Gary Burton  Respond to of 95453
 
Slider --re Y2K--As I see it, the main risks are foreign. If crude prices spike, what about the fear that rigs won't work etc etc. Most people will think the price spike will be temporary but any rig etc malfunction might break the contracts? --why wouldn't the drillers' stock prices drop even with a temp crude price hike?--just a thought


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