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

To: SliderOnTheBlack who wrote (50670)	9/9/1999 2:44:00 AM
From: Roebear	Read Replies (1) \| Respond to of 95453

Slider, Well, in any case, it looks like we assault $23 tomorrow, a target that I mentioned awhile back charted on securitytrader.com. MDR looks interesting; as for FGI, time will tell. Best of luck you market mover, gggggggg Roebear

To: SliderOnTheBlack who wrote (50670)	9/9/1999 2:45:00 AM
From: articwarrior	Respond to of 95453

Reasons I like KEG... equities.barchart.com

To: SliderOnTheBlack who wrote (50670)	9/9/1999 3:05:00 AM
From: upanddown	Read Replies (1) \| Respond to of 95453

Does anyone else know another company with $10-11 per share in cash, selling for $20 !!! Sure do, Slider and its an teeny-weeny E&P!!!!!!!!!!!!! Take a look at CECX...This one is really strange. biz.yahoo.com Sells for $17 and change and has $17 cash. Used to be in NG marketing/distributing with lucrative fixed-price contracts. No more contracts so they sold the pipelines and going wildcatting. Already has some production and bought lots of properties. Debt..zero..nothing..nada. 30M unused credit line. Huge stock buyback in place and actually pays a 3.5% dividend. Disclaimer...no liquidity..very low volume. I still think you are under-estimating near-term prospects for FGI. Look at these sales increases for first two qtrs of 99. yahoo.marketguide.com Doesn't look to me like a company running out of work. It is very well-managed and they should find plenty of work in a world of $23 and rising oil. When the patch gets hot, everybody works.<vbg> I'am just trading it but with the merger and the roadshow and the laggard status, I think it could move this month. John

To: SliderOnTheBlack who wrote (50670)	9/9/1999 7:41:00 AM
From: double-plus-good	Respond to of 95453

Slider, not an EnP but MIND is trading for roughly 1/2 of cash on hand. I think its a nifty opportunity for those who have been moaning that there are no bargains in the service stocks. OLOG also very cheap, although its being held back by uncertainty regarding a contract for copter services in the North Sea that was not renewed. Just to steer discussion away from our familiar roster of exploration plays...does anyone follow Pennaco? I took an initial position yesterday at 11 following the light volume down drift on shelf registration news. As experience with TEXP, HOFF and PGO fas shown such a development rather that acting as a negative on share price puts a floor under the price as the underwriter, who in this case is Bear Stearns, gets folks on board. The company has for all intents and purposes just begun operation and has already got 11 Mmcf a day coming out of their fields. No debt and refinancing headaches, but what looks like an explosive story. Any other thoughts? ++good

To: SliderOnTheBlack who wrote (50670)	9/9/1999 8:06:00 AM
From: JoeDi1213	Respond to of 95453

In regards to FGI/HLX.- The average age of the worldwide offshore fleet is 18 years. Sooner or Later ----

To: SliderOnTheBlack who wrote (50670)	9/9/1999 8:15:00 AM
From: Fun-da-Mental#1	Read Replies (1) \| Respond to of 95453

Re "another company with $10-11 in cash, selling for $20", how about this: carlsononline.com Sherritt International (T.S) sells for CAN$ 3.34, their last quarter eps was 0.12, they have 5.64 cash per share, over a billion dollars total assets, and no debt. They're a conglomerate with some oil/gas interests, but their biggest business is nickel mining. They're a Canadian company, but they operate mostly in Cuba now, so that could be a turn-off for you American patriots out there. Fun-da-Mental

To: SliderOnTheBlack who wrote (50670)	9/9/1999 8:29:00 AM
From: BigBull	Read Replies (1) \| Respond to of 95453

Slider, My technical work shows that the recent selling in E$P's is largely concluded. Lots of potential doubles in the micro area. As you know, I still own all my E$P's. I view them a virtual licenses to steal. <g> Why? Well now lookie here - quote.bloomberg.com ``OPEC has been very well behaved,' said Bruce Evers, an analyst at Investec Henderson Crosthwaite. ``We are being set up for a very tight squeeze this winter. Demand could outstrip supply by up to 2 million barrels (a day) in the fourth quarter."