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

To: hdrjr who wrote (49819)	8/24/1999 5:56:00 PM
From: Ronald J. Clark	Respond to of 95453

MCF stands for 1000 cu ft. (not 1,000,000 ).

To: hdrjr who wrote (49819)	8/24/1999 6:06:00 PM
From: Richard D	Respond to of 95453

Regardless of what spin some would like to put on the API report here, oil's up in after-market trading. I think that pretty well defines whether it's bullish or bearish. Did everyone see John Bollinger on CNBC pushing Energy stocks, particularly smaller drillers and producers in the U.S.? I was surprised, since I recall him being bearish on oil a few months ago. The experts are jumping on the bandwagon. He calls Energy the number 2 sector leader in the market and advises sticking with the leaders, since the advances in the market have been narrow. Otherwise, you can be left in the dust as the Dow pushes to new highs. Richard Long PTEN

To: hdrjr who wrote (49819)	8/24/1999 6:24:00 PM
From: k.ramesh	Read Replies (2) \| Respond to of 95453

mmBTU and MMCF I had the same question and here is the response... from Douglas V. Fant First MMCF measures a standard volume of gas. MMBTU measures the heating value of the gas. Generally the industry assumes that pipeline quality gas (cleaned up and all liquids removed) has about 1,000 MMBTYU per MMCF of gas. Now in the field where gas is produced an MMCF of gas may have as little as 100MMBTU of heating content (lots of entrained)to as high as 1600 MMBTU (lots of NGL's entrained in the gas- kaboom city!).