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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Brent Hogenson who wrote (46147)	6/9/1999 10:47:00 AM
From: Post_Patrol	Read Replies (1) \| Respond to of 95453

Anyone know why WG is moving up last two days?? EOM

To: Brent Hogenson who wrote (46147)	6/10/1999 3:08:00 AM
From: upanddown	Read Replies (2) \| Respond to of 95453

Brent I got a response from EIA about the disparity in the OPEC numbers for 2Q. The EIA number of 28.6 include 2.5 NGL while the published OPEC numbers only give the crude numbers of approx 26.0. He told me that his OPEC crude estimate for 2Q is 26.1 which seems like ballpark. This means that the current supply shortfall is more like 0.5 MMBD rather than the 3.0 MMBD I mentioned. The supply shortfalls look like this. --------- 1999 -------- 2000 1st 2nd 3rd 4th 1st DEMAND 76.1 73.2 74.2 77.5 77.7 SUPPLY 74.7 72.7 73.6 75.1 75.5 ---- ---- ---- ---- ---- SHORT 1.4 .5 .6 2.4 2.2 I'am rethinking my positions and may reduce my weighting in this sector. The business recovery could be slower than anticipated. I do want to be back in from around Oct 1 - Apr 1 if those MUCH larger supply shortfalls kick in then. Best, John