Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gameboy who wrote (50340)	9/3/1999 12:07:00 AM
From: Razorbak	Respond to of 95453

HMAR Crap shoot, all right. Huge upside potential, but caveat emptor. Just be prepared to lose most or all of your capital quickly if things go south.

To: Gameboy who wrote (50340)	9/3/1999 12:55:00 AM
From: IndioBlues	Read Replies (1) \| Respond to of 95453

fwiw ... this is a link to RRC's top 10 instit owners as of 6/30/99. marketguide.com

To: Gameboy who wrote (50340)	9/3/1999 1:38:00 PM
From: SargeK	Read Replies (1) \| Respond to of 95453

HMAR Crap-sh00t! Picked up 10k shares today @ 17/32. I'm going to have them send me the stock certificates in case I need to paper a bathroom. Hell if it makes it, I'll party in VEGAS, if not, I'll go fishing @ Lake Fork. >smile< (Note: I enjoy the suspense!) SargeK Money flow has turned positive: (Click Money Flow Index) askresearch.com

To: Gameboy who wrote (50340)	9/3/1999 6:02:00 PM
From: BigBull	Respond to of 95453

Gameboy, You could not be more right about Venezuela, man. This Chavez Frias dude is serious as a heart attack. This guy is takin' over! What a diferrence an election makes! This guy means what he says. He got a revolution to finance, he don't care one stinkin' rats behind about OPEC's stated policy of "steady oil prices" He want/needs as much moolah as he can get his revolutionary mitts on. But he knows the way to do it is to cut supply - not increase it. The old philosphy of suicidal market share wars with Saudi Arabia is DEAD DEAD DEAD - believe it! Bet on it! I am going to be doing more reporting on Venezuela as I think it is a huge story developing wrt OIL that many are under-reporting. vheadline.com Petroleos de Venezuela (PDVSA) must shift ideology home to Venezuela's needs -- report ¸ by VHeadline.com Business Reporter -- VHeadline.com: Thursday, September 2, 1999 -- Hector Ciavaldini, named as the new president of Petroleos de Venezuela (PDVSA) after Roberto Mandini's resignation Monday, says the state oil corporation must shift ideology to take account of Venezuela's "difficult economic and social conditions." Speaking in Panama City during a visit by President Hugo Chavez Frias for the inauguration of Panama's new president, Mireya Moscoso, Ciavaldini told reporters that the company's "previous strategy of aggressively expanding oil output to claim a larger market share had ignored Venezuela's social reality." "We've got a first world company in an impoverished country," Ciavaldini says PDVSA will continue an audit into profitability of overseas assets (including 14 refineries) to evaluate whether to sell them off. President Chavez Frias has stressed that PDVSA's foreign holdings, like US-based Citgo Petroleum, are providing no benefit to poverty-stricken Venezuelans. Nevertheless, Ciavaldini, who is a close advisor to Chavez Frias, says that despite fears that PDVSA's independence may be under threat "we must keep PDVSA out of the political debate ... the company is not being politicized." Ciavaldini describes PDVSA's emphasis on output volumes over price as suicide that contributed to last year's collapse in oil prices to 25-year lows ... "the policy failed completely ... the result is that hundreds of millions of dollars were buried in the construction of wells which later had to be closed." "The mistake was that the company's old managers didn't understand what was happening in the country ... we had a company cut-off from the rest of the country, and this is the ideology we have to correct ... PDVSA has to continue to be a solid company ... we will be a very dynamic company and we really are going to compete in the market."