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

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To: Gary Burton who wrote (42826)4/21/1999 8:57:00 AM
From: marc chatman  Read Replies (1) of 95453
 
Thanks for clarifying. So we are looking now for a wave 5 of i of 3 going to 78, and then an ABC sequence correcting perhaps 50% of the i of 3.

Some positive comments from BR on natural gas:

Wednesday April 21, 8:38 am Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

Burlington upbeat about energy despite Q1 loss

NEW YORK, April 21 (Reuters) - Burlington Resources Inc., one of the leading U.S. oil and gas producers, on Wednesday reported a first quarter net loss of $10 million, citing low commodity prices, compared with net income of $48 million in the year-earlier quarter.

However, Bobby S. Shackouls, BR's Chairman, President and chief executive office, said he was optimistic about the outlook for North American natural gas prices after the recent surge in energy prices, which followed a deal by OPEC and other major oil producers to cut
output.

biz.yahoo.com
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