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

To: Brian P. who wrote (49532)	8/19/1999 2:07:00 PM
From: The Ox	Respond to of 95453

Buy and hold the major OSX stocks. That's my 6 month advice <VBG>. One of those to consider is WFT. Here's some news: Dailey Plan of Reorganization Confirmed; Acquisition by Weatherford Moves Ahead HOUSTON, Aug. 19 /PRNewswire/ -- Weatherford International, Inc. (NYSE: WFT) today announced that Dailey's (OTC Bulletin Board: DALY) pre- negotiated plan of reorganization has been confirmed by the United States Bankruptcy Court for the District of Delaware. The confirmation of the plan, which had been overwhelmingly supported by the holders of Dailey's 9 1/2% Senior Notes due 2008, clears the way for the acquisition of Dailey by Weatherford. The transaction is expected to close August 31, 1999. Dailey International is a leading provider of specialty drilling equipment and services to the oil and gas industry and designs, manufactures and rents proprietary downhole tools for oil and gas drilling and workover applications worldwide. Houston-based Weatherford International, Inc. is one of the largest global providers of engineered products and services to the drilling and production sectors of the oil and gas industry. SOURCE Weatherford International, Inc. CO: Weatherford International, Inc.; Dailey International ST: Texas IN: OIL SU: TNM BCY 08/19/99 13:56 EDT prnewswire.com

To: Brian P. who wrote (49532)	8/19/1999 2:13:00 PM
From: still learning	Respond to of 95453

I am not in this for the trading and believe most of the recs here have a longer shelf life than you'd blieve reading most of the posts. Long: DO, FLC, GLM, MEXP, BEXP, PZE, UFAB, NE, GIFI, MIND, CCOBF, a few other lesser positions.

To: Brian P. who wrote (49532)	8/19/1999 2:48:00 PM
From: Wowzer	Read Replies (1) \| Respond to of 95453

Brian, I think this thread has an excellent mix of long and short term perspective. Just how much can you talk about the longer term when it's all based on the price of oil stupid (ggg). BigBull comes up some excellent articles talking about increased demand in Asia Europe etc. I think almost everybody here believes year 2000 looks excellent for OSX business as long as oil stays above 18 or so. That is why I have a core position that I won't sell until some fundamental news changes my opinion. However while we wait there is a lot of opportunities to trade this sector. Especially if you believe in a bullish long term such as I do. The E&P's were born to be traded that being said just sold half my TMR at 4 1/2.....