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

To: Crimson Ghost who wrote (48598)	7/29/1999 7:45:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

I doubt if gold will go very far--next stop 200?

To: Crimson Ghost who wrote (48598)	7/29/1999 8:02:00 PM
From: DD ASSOCIATES	Respond to of 95453

An interesting read: take the current price of oil and then subtract work costs, extraction fees, government of Indonesia fees, and you end up with a profit margin of roughly $5 U.S./ barrel. This company has proven and probable reserves of nearly one billion barrels. YOU DO THE MATH. They are negotiating another cash flow situation in the coming days which will add to month to month profits. The float is approximately 630,000 shares and the issued and outstanding is 12 million. The insiders are BUYING at this time, as they have enormous potential at their fingertips. The stock started another run today and many feel that this company has the goods to be a significant player in the oil industry. Cash flow news release do out sometime next week, with many other announcements pending. The Company: Fortune Oil and Gas Symbol: FOGC

To: Crimson Ghost who wrote (48598)	7/30/1999 8:36:00 AM
From: BigBull	Read Replies (1) \| Respond to of 95453

George, To me it's "crunch time" for this OSX. As you have so astutely pointed out, we are presented with a chart pattern of a series of rising bottoms with well defined resistance in the 80 - 82 range. BY DEFINTION, these patterns do not continue forever. The resolution of such pattern is usually quite explosive - ONE WAY OR THE OTHER. This one will be resolved IMO in no more than a week. Since the POOS has remained incredibly strong in the face of several failed attempts to knock it down I am now leaning to it breaking up. The only catalyst I can see that will truly DRRRRIVE this thing up is MASSIVE ROTATION by panic stricken investors into INFLATION HEDGES. IMO THE singular inflation hedge today is OIL. But I am coming to believe that you are right in saying that the XAU presents a tradable rally opportunity. Those wage stats published yesterday FREAKED a lot of people out. About the only thing I truly disagree with Slider here, is about the rate at which capex spending will increase. In the stories I have posted, there was approximately 4 Billion dollars in new spending alone. These oil companies are getting the dough. From where? WALL STREET. While the street continues to publish bearish assessments about future capex, they seem to be falling all over themselves in bringing deals to the market. IMO if oil stays in the 18 - 21 range over the next month, every banker in Louisiana and Texas will be literally throwing money at any rough neck who knows the business end of a drill bit. JMVVVVVVVHO Don't make yourself so scarce dude. Bull