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I have a gut feel that we are on the verge of a
"Humungous" oil bull market. Things are shaping up nicely. If
this keeps up I'll be able to buy a gas guzzler and
think nothing of it. How about posting some of your
thoughts of where you think PKd will wind up at. Good
EZgreen....we are close to the average, 20+-
2.00, the low prices of 98' are at the extreme of the
range, much like 80' was on the high end at 45.00.
Neither high or low is healthy, since growth demand for
oil is rather inelastic (2.5 % a year).
headed for 4.50 and later to 6.00, since all we are
doing is correcting low prices.
Hint: it was a "buy
back at 12.00 on October 97'.
EZGreen...forgot to mention here is a neat site
for your point and figure charts:
This eassy to read charts have been very accurate for
all indications are we will test the
resistance at 4.50 "today". To be on the safe side go ahead
and place your order for a new VW Beatle, in case
Khann's "Death Spiral" gets a hold of PKD.
FLC has kept up with NBR, but PKD hanging in there,
DO and RIG seem to have lost their squeal. That's
interesting because DO is growing at about 50% a year, and is
widely seen as the premier deep-water driller.
agree with EZGreen and MamboKing, the bottom is passed.
It may be 25 years before we see these types of lows
again if the Far East and China keep cracking. What
dreams are made of: $3 PKD, buck-a-gallon gas, Khan's
PKD came in second place in my little grease
FLC + 11.25%
PKD + 7.81%
SDC + 1.72%
I believe 4.50 is damn sure
realistic and 6 bucks aint very far behind.
I'm going to
make a wild ass guess and predict PKD at 6.00 or
better by June 15th 1999!!
The old patch is comming
back to life and contracts are becoming available to
the drillers.Here we go fellas, another 3 to 5 year
run for our money.GO > PKD >
(OT) Had a pretty good laugh on how you guys handle
your vermin problems, got a damn gopher problem
myself. The Border Collie dog I have seems to think he's
a Badger and if He finds a gopher hole the damn
fool starts digging and wont stop until all you can
see is about the last 3 inches of his ass sticking
out of the hole!! I started dumping my used motor oil
down the holes and it seems to work pretty well.If you
dont over fill the holes it makes no surface mess,let
it set a couple days, gophers have high tailed it
out of there and you can fill in the holes.
dont tell the EPA)
...the story about exterminating ants with an
oxy-acet gas explosion! Of course, now there is a Federal
law against even OWNING an explosive device like
that...only hacksaws are legal! The FBI is on the ant's side