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

To: diana g who wrote (50336)	9/2/1999 10:18:00 PM
From: CpsOmis	Respond to of 95453

Re: MEXP Multex had two reports that came out 8/29. I don't think anything was earth shattering about them. Both stated earnings projections confidence was high, with no real surprises expected. Both had Hold consensus due to growth of MEXP vs S&P in general. But this is when the huge volume of sales started. Perhaps I am missing something? yahoo.multexinvestor.com CPS

To: diana g who wrote (50336)	9/2/1999 10:52:00 PM
From: Tomas	Respond to of 95453

[Off Topic] Diana, emboldened by your kind words I venture to recommend a junior E&P company <BG> :-) techstocks.com The Lundin Oil thread has more or less become "mine", I'm responsible for 90% of all posting... But I'm biding my time, one day this overlooked company will attract attention... <G> Regards, Tomas

To: diana g who wrote (50336)	9/2/1999 11:30:00 PM
From: Timelord	Respond to of 95453

O/T for Tomas - "Just the facts ma'am." <vbg> P.S. - I constitute another 6% of the posts on the Lundin Oil thread, mostly to encourage Tomas in his posts so I don't snooze too long <g>. I've watched and owned Lundin since 1994 - the pieces are coming together for it to realize its full potential. Watch for drilling results on a wildcat in Libya in 4 to 5 weeks. Alex

To: diana g who wrote (50336)	9/2/1999 11:44:00 PM
From: Gameboy	Read Replies (4) \| Respond to of 95453

Hi Diana, I respect your stated investment strategy - buy & hold; not exactly mine which is buy & hold for awhile. I totally bailed out of this sector about a year ago when it became obvious the red ink would flow in earnest; I'm back for payback. I may never know what led OPEC in late 1997 to totally misjudge the supply/demand for oil - their information resources must dwarf those of normal mortals a million to one. 1998, though, was an abortion and our own DOE figures were as misleading as anyone else's. Believe one thing: OPEC is now sitting in the catbird's seat and they're not going away. Venezuela loves to sell oil to the US but they're down to a 25 year supply and Venezuela's production cost is relatively high. Some OPEC members can survive $10 oil but Venezuela can't. This sector is the Phoenix rising from the ashes. Imagine the humiliation, setbacks, and loss of face this industry has endured because of the aberrantly low oil prices. As Slider pointed out, the institution boys will need a couple of positive quarters of re-evaluation to re-think the energy sector. BTW, I love the flow of information and opinions on this thread. Thanks Slider for RRC and John Q. Public for EEE. Picked up both. And BELW, got that one, too. It's time to rock and roll - payback time. But Diana, $20/barrel. Dream on. OPEC will take $30/barrel in a heartbeat and they may take more. Right now they're just taking steps to bring buyers to their knees. A properly functioning cartel means control. If OPEC were your cartel, what would you want? The Asian economies got their OPEC welfare in 1998. That was yesterday. For the crap shoot keep HMAR in mind; earned $2+ in a twelve month period last year, now selling for slightly over 50 cents/share. Dot com companies lose money for years with no profit in sight and running boats is no less expertise intensive than running a web page. Kick ass and have fun. Steve