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

To: BigBull who wrote (47329)	7/3/1999 10:28:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Slider, there is an alternative scenario that may take us to OSX 90. US Oil stocks begin a serious trip down to 320 over the next few weeks, plus a major or supermajor announces big changes in capex program, whether it's using Dougs redline money or reworking the main budget, or both. In one of Big Dogs recent issues of ODB he mentioned that he felt that some of these guys (majors) are just "itching" to expand their budgets, who knows, maybe one of them will decide to "scratch". <g> If we get another 5 million barrel draw, that may wake some of the majors up. Otherwise, agreed - it's the Dead Zone for OS but Green City for E&P's. Am looking to add E&P's soon, you know, the ones that haven't had major runs. As far as I'm concerned APA is long gone. Time to look at Canadian micro E&P's?

To: BigBull who wrote (47329)	7/4/1999 12:20:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Bull; good choices - RGO especially... RGO is a solid buy; I am in just a few stocks, with some concentrated bets... ala~ Buffet's diversity is a hedge against ignorance philosophy...(VBG). I will buy RGO on any weakness here - and may take profits off of any trading spikes on CRK, or MEXP and add some RGO. I like what I see on ROIL - read some nice comments, but haven't followed it closely and SFS imho, doesn't quite have the cfps valuation upside as some others - (near 5x 2000 est cfps now) but I have not researched them that closely. I really like RGO however and VEI & MHR are 2 other strong upside small/micro cap plays. MHR is highly leveraged and has a very aggressive drilling program this year. EEX & FXEN have some drill bit upside as well - FXEN I think is a no-brainer, just a slow developer - they own half of Poland (VBG)...& EEX can double off of any number of nearterm drilling prospects. I am bullish as hell on the OSX longterm; I just see the next 3-5 months as a basing mode, trading in a narrow range, while the fundamentals catch up with Oil prices - and the E&P's are reaping the profits right now - they don't have to wait for cap ex spending etc. To a degree they have more control of their own destiny in a positive commodity price environment. It's just a rotation play - hopefully, I'll hit the E&P run; now through year end and take some profits in time to catch the Q1 2000 OSX spike,,,