Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (55067)	11/19/1999 2:53:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

OEI's Chmn exercised 48,000 options @$8.44 just prior to- ... the announcement of the discoveries. That was a "taxable" event by the way - and he has exercised 2/3rds of his options here I believe. biz.yahoo.com Mgmt's pay is tied to shareprice performance; biz.yahoo.com This is an "anomaly" here; rapidly improving balance sheet; production right at the crux of a turnaround - biz.yahoo.com ...with the reduction due to property divestitures; rising crude prices, recent discoveries and an increased upside to the drillbit planned in 2000... No hype job here; we know the story here on this one... Someone just put $28 Million + where their mouth was @ $9 days ago, for a major 5/16ths uptick; they were not wrong. biz.yahoo.com Simply a gift. This company and crude prices have improved dramatically; since this was in the $11's... amazing @ $8. The company is in a much, much better position than last year when they were at $15. The Street sentiment will return and fully value the much improved balance sheet, production profile, exploration upside and crude price impact. A big league "runner" when they do...

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