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Gold/Mining/Energy : Games Trader -- Ignore unavailable to you. Want to Upgrade?

To: John Paquet who wrote (1086)	8/9/1999 5:14:00 PM
From: goldsnow	Respond to of 1239

Separately, Gengaro said an upward momentum appears to be building in the oil services sector, driven by a "dramatic rise in commodity prices," with West Texas Intermediate crude spot prices up about 90 percent from its low in late 1998. "In our opinion, the majority of the oil service companies that we cover will register a positive sequential earnings comparison in the fourth quarter of 1999," Gengaro said in a research note. He reiterated his "buy" ratings on Baker Hughes (BHI: news, msgs) and Halliburton (HAL: news, msgs) and maintained "buy" recommendations on Noble Drilling (NE: news, msgs) Diamond Offshore (DO: news, msgs), Transocean Offshore (RIG: news, msgs) and Marine Drilling (MRL: news, msgs). He also reiterated a "strong buy" rating on Schlumberger (SLB: news, msgs) rd.yahoo.com*http://cbs.marketwatch.com/archive/19990809/news/current/flc.htx?source=blq/yhoo&dist=yhoo

To: John Paquet who wrote (1086)	8/9/1999 5:21:00 PM
From: Mr. Forthright	Read Replies (1) \| Respond to of 1239

zzzzzz....

To: John Paquet who wrote (1086)	8/9/1999 7:02:00 PM
From: goldsnow	Respond to of 1239

Gold stocks sparkle By Debra McGarry, CBS MarketWatch Last Update: 5:11 PM ET Aug 9, 1999 Movers & Shakers • Stock Discussion • Sector Indexes • Market Snapshot NEW YORK (CBS.MW) -- Precious-metals stocks shone through Monday, pushing the silver and gold index up almost 6 percent amid rising gold lease rates, which climbed above the 4 percent level. The Philadelphia Gold and Silver index ($XAU: news, msgs) advanced 5.7 percent, led by Newmont Mining (NEM: news, msgs), which was up 1 5/8 to close at 20 3/4; Battle Mountain Gold (BMG: news, msgs), which gained 6.9 percent to 1 15/16; and Placer Dome (PDG: news, msgs), up 11/16, or 7 percent, to 10 13/16. Central banks lease out gold and set a lease rate, the rate banks charge intermediaries.Rate increases are bullish for gold prices and subsequently pushes up gold stocks, as was the case for Newmont Mining and other components in the index Monday. The six-month gold lease rate was at 4.3 percent. December gold futures (GC=Z9: news, msgs) rose 60 cents to $259.9 on the New York Commodities Exchange. See Futures Movers. Dave Meger, metals analyst with Alaron, told CBS.MarketWatch.com that "investors are nervous of a move up through the $258 level. "Dollar weakness has pushed bargain hunters in Asia to gold as it's (been) more attractive to investors there," said Meger. Also, the International Monetary Fund said Monday that it's reconsidering plans to sell bullion to help finance a Western debt-relief plan for poor nations. Gold Mining Stock Report editor Robert Bishop says the next big test for the flagging metal will come Sept. 21, the date of the next auction by Britain's central bank. See Thom Calandra's StockWatch. Debra McGarry is a reporter at CBS MarketWatch. cbs.marketwatch.com

To: John Paquet who wrote (1086)	8/9/1999 7:16:00 PM
From: goldsnow	Respond to of 1239

8/9 17:32 Crude Oil Rises to 21-Month High in New York as OPEC Lowers Production By Mark Pittman Crude Oil Rises to 21-Month High as OPEC Drains Glut (Update1) (Adds background and quotes from 8th paragraph to conclusion.) New York, Aug. 9 (Bloomberg) -- Crude oil rose to a 21-month high, its fourth straight increase, on expectations that vacation demand for gasoline and output cuts by producers will end a glut. Americans are consuming more fuel than normal as they take to the highway for summer vacations, and U.S. inventories of oil and gasoline fell in four of the past five weeks. The drain in supplies was spurred by a 7.1 percent cut in global output by the world's top exporters, which could help boost prices further, traders said. ''First, the crude gets cut, then refineries cut back and pretty soon there's less gasoline and heating oil,'' said John Kilduff, senior vice president of energy risk management at Fimat USA Inc. in New York. Crude oil for September delivery rose 39 cents, or 1.9 percent, to $21.27 a barrel on the New York Mercantile Exchange. It was the highest price since October 1997. In London, September Brent crude oil rose 45 cents, or 2.2 percent, to $20.51 a barrel on the International Petroleum Exchange, the highest closing price since Oct. 10, 1997. Members of the Organization of Petroleum Exporting Countries agreed in March to output cuts equivalent to almost 6 percent of world supply, or 4.3 million barrels a day. The producers made 95 percent their pledged reductions in July, according to Bloomberg estimates. Supplies of petroleum products, particularly in Europe, were also crimped as Russia reduced fuel exports to make sure domestic supplies are sufficient. Gasoline for September delivery on the Nymex rose 0.21 cent to 66.04 a gallon, while heating oil for September delivery rose 0.68 cent to 55.21 cents a gallon. Price increases accelerated when pre-arranged buy orders were triggered at $21.12 a barrel, the previous inter-day high, Kilduff said. Some of the buy orders came from speculative commodity funds, which have been fueling the rally since its inception in February, Kilduff said. Crude oil inventories dropped only once in the past seven weeks while gasoline supplies fell once in the past eight weeks, the American Petroleum Institute reported last Tuesday. Supplies of petroleum products, in Europe were crimped by Russia, which is cutting exports to make sure domestic supplies are sufficient. Tighter supplies and higher profits from selling gasoline prompted the Royal Dutch/Shell Group, Europe's second-biggest refiner after Exxon Corp., to increase production. Gasoline prices are up 25 percent since April 25, when Shell first reduced the amount of oil it processed in Europe by 10 percent. The company followed that with another 10 percent cut on May 11. Shell has 16 refineries in Europe with a capacity of 1.4 million barrels a day. Since Shell first cut output, refiner profitability on gasoline sales has increased 51 percent, based on New York futures. ''You should see all the refiners crank up production,'' said Victor Yu, an analyst at Refco Inc. in New York. Profit margins have been so good recently, ''you'd think they'd make a ton of gasoline.'' On April 26, the profit for selling gasoline compared with the cost of crude oil was $4.45 per barrel on the Nymex. It was $6.52 a barrel today. -------------------------------------------------------------------------------- © Copyright 1999, Bloomberg L.P. All Rights Reserved.

To: John Paquet who wrote (1086)	8/10/1999 4:57:00 PM
From: LaFayette555	Read Replies (1) \| Respond to of 1239

Herr Doktor !!! HHHhhhheeeeeeeeeeee HHHHHhhhhhhhhhhhAAAAAaaaaaaaaaaaaaaa !!!!1 I'm back to SHORT CITY after a spell. What a WILLLLLLD RIDE SHE IS !! Well I 2 am concentrating on only a couple of situations fer now. ABX and PDG are 2. Doing the old in-out-in-out-in-out. I bet We Will experience this Proverbial TURKEY RAIN for the rest of the summer.... OUCH the Zurufs will squeal as they hit the ground !! Ahhhhh Poor Turkeys My Hart goes out to them.. pitty pitty.. But heck Docktor, Turkey Meat Pie is my favorite !! Whom ever said there is NO Free Lunch ????? Klignon Salutations and Howviderzein. PS Game Trader is DEAD !!! Long Life to GAME TRADERS !!

To: John Paquet who wrote (1086)	8/13/1999 4:58:00 PM
From: goldsnow	Respond to of 1239

quote.bloomberg.com

To: John Paquet who wrote (1086)	8/16/1999 7:50:00 PM
From: goldsnow	Respond to of 1239

Burlington's offer values Poco at a premium to what investors believed Canadian natural-gas companies were worth, analysts said. The offer could make the shares of other Canadian natural gas producers rise as well. ''This is going to result in a major re-pricing of Canadian natural gas companies, starting tomorrow,'' said Martin Molyneaux, an analyst at FirstEnergy Capital Corp. in Calgary quote.bloomberg.com.