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

To: John Doyle who wrote (48972)	8/6/1999 12:53:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

From Thomson I-watch: BR -- Ind. Oil & Gas -- Basic Materials 06-Aug-99 11:28:34 Burlington Resources is outperforming the oil sector today, trading $7/16 higher at $45 7/16. The stock is attempting to break-through the previous resistance it has encountered near $46. The firm's I-Watch chart, however, shows that bidding interest, which was strong during the first hour of trading, has waned a bit as the session has worn on. This is consistent with the timing of the block trades - all but 10K of the 260,000 shares crossed between 9:58 & 10:34. As expected, the timing behind the post-trade data on I-Watch shows a significant decline in reporting volume over the past hour. As the institutional buyers have moved to the sidelines (or more appropriately, headed for the beach), BR's stock price has drifted lower.