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

To: SliderOnTheBlack who wrote (47319)	7/3/1999 12:01:00 PM
From: Timelord	Respond to of 95453

Slider, I never thought I'd say this, but that was a well thought out and written analysis. For once I didn't feel I was trying to follow the thought processes of someone who had just consumed 24 cups of coffee, maybe there's hope for you after all <VBG>. Thanks, Alex

To: SliderOnTheBlack who wrote (47319)	7/3/1999 12:06:00 PM
From: pz	Read Replies (3) \| Respond to of 95453

Slider, <<<I see nothing in the next 3, even maybe the next 5 months to break us out of a 15% up and down trading range. Regardless of crude prices sustaining here, or even breaking $20; cap ex spending and the resulting needed change in fundamentals will not occur untill after Q1 2000. Sure, we may get a breakout off of a Crude Oil breakout over $20, but this will be an opportunity to sell into strength imho.>>> You seem to forget this: Message 10365199 Blowout Rig Numbers - US +17; Land +20; Texas +13 EOM Land drillers are going back to work as the rig count shows. We had to recently get in line waiting for a rig to drill a well. So things are definitley turning. Only a FOOL would sell their oil service holdings at this point imho. I own PKD because it's lagging all the land drillers. When it catches up it will do it with a vengence. Also, PKD broke out of it's trading range on Friday and appears to be heading up. Paul

To: SliderOnTheBlack who wrote (47319)	7/4/1999 4:54:00 PM
From: ChanceIs	Read Replies (1) \| Respond to of 95453

Slider - 2nd Request: EPEX Vs. MEXP Vs. EEX Your informed opinion please sir. Doesn't EPEX with the much stronger balance sheet (low debt) make a better buy than MEXP. Also which is a better strategy. EEX sold all their "beachfront" gas property to go offshore GOM. EPEX and MEXP are still poking around on land. Who is smarter here. There must be quite a difference if EEX made such a wholesale move. While EEX's financials look good, my gut is telling me they are going for broke. They will either win big or go belly up. JMHO.