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: marc chatman who wrote (25041)	7/1/1998 11:39:00 AM
From: Ken Robbins	Read Replies (2) of 95453

Here are some more details on the CNBC interviews: John Myers of Morgan Keegan is long term bullish on crude prices. He cited the increase in world demand from 50 to 73 million bpd over the last 12 years and extrapolated an extra 10 million would be needed over the next 5-6 years, and since he didn't think this much would be added to supply, crude prices would rise. He likes low cost gas producers in the GOM and mentioned Newfield Exploration, Stone Energy, Basin Exploration, and Callon Petroleum. The other guy was pessimistic on crude prices but liked some of the international oils.

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