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

To: Douglas V. Fant who wrote (50009)	8/29/1999 9:06:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 95453

Maybe this is why CHK is interested in GOTH..DD oklahoman.com

To: Douglas V. Fant who wrote (50009)	8/29/1999 9:19:00 AM
From: P.Prazeres	Read Replies (1) \| Respond to of 95453

Three Oil Producers Say Cuts To Hold -------------------------------------------------------------------------------- CARACAS (Reuters) - Three of the world's leading oil producers, in an effort to dispel any doubt about near-term policy, said Saturday that output cuts which they spearheaded over the past 18 months should be kept in place until next April at least. After a one-day meeting hosted by Venezuela's oil minister, Ali Rodriguez, with Saudi....[click link] express.isyndicate.com

To: Douglas V. Fant who wrote (50009)	8/29/1999 12:40:00 PM
From: enervestor	Read Replies (1) \| Respond to of 95453

Doug, enjoy reading your posts, especially as my father-in-law worked for Mobil for forty years and spent much of them in the Midland-Hobbs area. I am a long-term investor and understand the fundamentals of the land vs shallow vs deep-water drillers. I was just musing about other investors and whether one should buy the deep-drillers now or wait until the earnings accelerate. They will ultimately see the highest prices of all the drillers, but IMHO are overpriced right now and vulnerable to a correction. I'm just hoping for a better entry point when the timeline to an improvement in the fundamentals is nearer at hand. Also, I was speculating on whether the investors who had run their prices up actually knew about their coming earnings decline, or were just momentum players buying the oil drillers as long as crude prices were increasing. What do the rest of you think?