Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SliderOnTheBlack who wrote (48210)	7/20/1999 2:04:00 PM
From: Captain James T. Kirk	Respond to of 95453

OSX BREAKS 77 !! Crude breaks $20.00 !! Red Alert

To: SliderOnTheBlack who wrote (48210)	7/20/1999 2:20:00 PM
From: double-plus-good	Read Replies (1) \| Respond to of 95453

slider, what do you make of the news that PGO is going to do a fairly substantial secondary. kind of suspicious the way the stock ran up prior to the announcement. might be related to an effort to get a higher avg. selling price for the adr's, no? usually there's alot of price support from participating brokers prior to and following a secondary. i'm assuming you cleared your plate of pgo on the run to 22. what are your thoughts on re-entry prices. regarding your comments on MEXP -- I'm not so concerned with the NG related stocks in my portfolio. the NG prices are coming off their lows and we have yet to get any of the news that might pop MEXP near-term. i've continued trading out of Oil related and into NG related. TEXP looking good for an entry today. ++good

To: SliderOnTheBlack who wrote (48210)	7/20/1999 2:37:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

Agreed (...if we miss the boat...). There will be laggards out there that won't jump with the rest. Whether that's the OMNI's and TCMS's of the world, we'll have to wait and see. I think we need to see a large washout and some doom+gloom before things turn up again. Not intended as advice, simply my opinion, which could change in the near future (or after the API #s, etc....) Michael (in super conservative mode at the moment....)

To: SliderOnTheBlack who wrote (48210)	7/20/1999 3:13:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

Slider, BEXP seems to look better than MEXP at their respective prices? Curious about your opinion. Both have comparable debt loads (BEXP slightly higher). Both have comparable production about 20 MMcf. But BEXP is almost 50% cheaper... To MEXP's credit they'll probably report positive earnings much faster than BEXP. From a trading standpoint MEXP looks like it may pullback to 2 1/2 before going higher while BEXP looks pretty much rock bottom. I'm still holding most of my MEXP, but I sold some to buy BEXP. Curious which you'd buy with new money. I've looked at CRK, but I'm waiting until this q's earnings. They've hedged quite a bit below 2 - I don't expect much of a pop from CRK before earnings.