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

To: Rose who wrote (46981)	6/27/1999 7:52:00 PM
From: Captain James T. Kirk	Read Replies (1) \| Respond to of 95453

I base it on these factors: The 700 speculation behind us, and it goes online line as planned. Then, as the summer oil lag comes to an end, we start to speculate on the winter prices, AND earnings start to come out reflecting the increases in crude sustained above $17. as it has for a while now. Do not forget, OPEC still has not seen their $18.- $20. brent, and thus they are still not satisfied. Also, the 500 and 700 are additions to MRL's portfolio, that did not exist in the past. All things considered, MRL will no longer be a laggard, and with upgrades to follow, 20 is being conservative. I actually look for 28 by years end. Don't forget, we still have this Y2K thing.