ARAKIS: HIGH RISK OIL PLAY (AKSEF) Message Board

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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)

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To: barrcuda who wrote (5464)	5/6/1997 9:02:00 PM
From: Razorbak	of 9164

David: IMO, Arakis is suffering a similar fate to most of the independent E&P companies, which tend to swing in a rather loose correlation with overall crude prices. Crude prices are at a seasonal low right now. Notice the similarities between Arakis' chart for the last few months and the chart for June crude futures: tscn.com cgi.ino.com If anything, Arakis has been surprisingly flat even though crude prices have fallen almost 25% since their peak late last year. IMO, this is a rather bullish sign. Compare, for example, to Triton Energy (OIL), Louisiana Land & Exploration (LLX), Newfield Exploration (NFX), or Chesapeake Energy (CHK): tscn.com tscn.com tscn.com tscn.com When crude prices start to rise again, Arakis will once again begin to drift upwards along with the rest of the E&P's.

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