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

To: stock talk who wrote (49835)	8/25/1999 10:11:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Piece #1 is firmly in place (sub 320 M boe); piece #2 is... ...when we see 150 rigs working in the GOM - that showing that cap ex spending ''is'' happening and that the majors & independants believe in the sustainability of prices. When we break through 135+ GOM rigs & if we are trending strongly - then Oil Boom 2000 is a reality.... re: ''the Boom'' - FLC becomes ''the'' play & by a wide margin imho. No one has the upside leverage left that they do to this stage of the Oilpatch recovery cycle. Nat Gas small/mid caps is still the place to be for now; but will be looking at FLC common & calls with the profits fwiw. Nat Gas E&P's eliminate all of the downside to OPEC quota compliance, the spin from their September meeting etc. - it doesn't matter what OPEC does for the RRC's CRK's HSE's of the world.... OEI is a gift here - sub $10 - becomes a STRONG call option play... 4 million boe inventory draw - is strong ! Tomas, great article - no one believed we could be at $22 mere months ago. Anyone remember the mantra - ''$8 oil also guarantees $24 Oil'' ? Well it did.... RRC - still moving all the chips in this direction - the ''short'' interest is the key here as Geiche so aptly pointed out. Remember, this ran 48% in a few trading days as shorts covered the last time. These are not all ''bad'' shorts either - lots of ''hedging'' going on in the stock here... this stock has nearly $1.25 - $1.50 in short covering alone built into it's price movement. The next 90 days are going to be real interesting...

To: stock talk who wrote (49835)	8/25/1999 10:44:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

USX - Marathon / MRO - for those liking big cap conservative plays - this is it ! $30 to $40 will be free money - a large cap, conservative, low risk free money trade of 30% imho.... toooooooooo cheeeeeeeeap here. Do the ''DD" - lots of good analyst info on this one; 2-3 good stockpickers on the Street are naming it as one their top picks - this one can not & will not stay at these price levels.They make more money today at $15 Oil than they did 18 months ago at $18.... they are now poised for their efficiencies to flow cash to the bottom line.... for all those who rode APA APC BR etc to heady tops here - this is a no brainer rotation play. Also, if anyone wants to hedge, diversify their smaller cap, or driller-service stock portfolios with a larger - Big Oil type of play; this is it. good luck - C'Mon RRC.... just pop; I want to put the money back to work elsewhere damn it (VBG). Anyone else - ''smelling, sensing'' etc. - that we are about to enter the ''Call Option - Sweet Spot'' here ? OEI really looking good on a visit sub $10 here... Selling puts here on the likes of OEI doesn't look too shabby either. Some 25%+ short term premiums avail - and owning the stock has never looked better.... hardly any downside here - selling puts looking very interesting in some issues.$4+ premimum on the OEI Feb $15's... what downside to owning OEI at an $11 cost basis in Feb ??? Bank One - looking interesting on a bounce play ... now at mkt crash 1998 price levels...? HSE on fire.... nice blocks on the buy side - running too fast here - was a gift at $14ish. This is the most cfps leveraged nat gas play - RRC not far behind (VBG)...