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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (30300)10/3/1998 5:26:00 PM
From: Paul Angell  Read Replies (1) of 95453
 
Slider,

I don't know much about FEN but they have definitely been in the news recently. I will look into them, now that you have flagged them to me.

I am closely watching Anardarko (APC). MSDW had a strong buy rating on them back when they were trading at 31, with a target price of 43. I believe they will make this target as MSDW tend to be very conservative with their price targets.

They just signed an agreement for exclusive drilling rights on millions of acres of Native lands in Alaska. They also made a huge gas discovery in Algeria recently and are very active in the lower 48 states gas drilling.

They are obviously a savvy outfit and their exposure to gas in US and elsewhere makes them a good investment. However, I am particularly interested in their agreement to drill native lands. This makes them a takeover target IMHO. The likely predators would be XON, ARC, CHV or BP.

Best regards,

Paul.
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