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

To: BigBull who wrote (49007)	8/8/1999 9:39:00 AM
From: ldo79	Read Replies (1) \| Respond to of 95453

To all: Proposed sites in NYS for power plants. Note "gas-fired". boston.com Regards

To: BigBull who wrote (49007)	8/8/1999 10:26:00 AM
From: SliderOnTheBlack	Respond to of 95453

DOE adds fuel to the ''SUSTAINABILITY" issue ! ... The Oil Majors must increase cap ex spending to provide the OSX stocks with a ''fundamental'' catalyst to move us substantially higher here. As the ''sustainability'' of Oil prices at this level is their main issue in increasing cap ex spending - this should give us some insight in what to expect... Dawg-Boom 2000 lookin good. ..still like the E&P's for another quarter, or two here vs. driller/service. Quiche-Geiche - these charts are for you (VBG)... Small & micro cap E&P's dramatically outperformed the OSX (driller/service) stocks over the last 100 days; and just now - with this quarter and the coming quarter are the higher realized prices beginning to show up on the bottom line. IMHO, in the next 2 quarters the ''real'' fundamentals of actual earnings, cash flow & revenue increases will be a catalyst to propel the E&P's to an even higher move based not just upon expectations, but dramatic quarter or quarter & year over year increases in production, cash flow & earnings. The outperformance by the E&P's over the OSX will continue for at least another quarter, or two - as the disparity of the actual fundamentals will be wider than ever... techstocks.com Here's the Doomberg link: quote.bloomberg.com << The DOE said it expected crude oil prices to average $20.50 and $21 a barrel for the rest of the year, up from its July forecast of $18. The estimate was raised because the Organization of Petroleum Exporting Countries is doing better than expected in achieving promised output reductions, the DOE's Energy Information Administration said. ''Previously, we had expected compliance with OPEC-agreed cuts to peak in May or June 1999 before falling as higher prices triggered more production,'' the EIA said in its Short-Term Energy Outlook. ''Although we still expect this to occur, we have delayed the timing and are now forecasting that OPEC compliance will be relatively strong throughout the summer, before declining much more gradually than we had earlier forecasted.'' >> good luck & Go Gas !