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: ItsAllCyclical who wrote (64971)	4/19/2000 2:19:00 PM
From: Telemarker	Read Replies (1) of 95453

The reaction to EOG's earnings followed a familiar pattern established thusfar during this earnings season. Same thing has happened in tech and other sectors, its not unique to EOG or the E&P's. I'm comfortable holding E&P's here as long as the fundamental picture continues to crystallize positively. Don't mind gaps between the prices and the fundamentals being stretched, and I have fond memories of this March when the same happened and ...... JMHO, and it's duly noted that my operating timeframe may be quite longer than many others here - as long as the fundamentals continue to improve. Irregardless of the markets reaction, that money is still being made by the E&Ps. BTW, I believe from memory that the Alliance Pipeline is scheduled to be placed into service this year, which will further increase the capacity for Canadian natgas to be brought to the U.S. I also remember that all of that capacity is already committed. Per my telephone conversations with IR at NBP, all of their capacity is committed until 2005. Both NBP and TCLPZ look like strong buys here, FWIW. Regards.

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