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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 (50792)	9/9/1999 7:02:00 PM
From: marc chatman	Read Replies (2) \| Respond to of 95453

OT Doug, thanks for your posts on Indonesia. I spent considerable time there while living in Asia, and I don't keep up with the news as well as I'd like. Frankly, I'm quite surprised post-Soeharto Indonesia has held together as well as it has for as long as it has. I'm even more surprised that more of my friends and associates haven't gotten the hell out of there by now.

To: Douglas V. Fant who wrote (50792)	9/9/1999 7:17:00 PM
From: Think4Yourself	Read Replies (3) \| Respond to of 95453

I just mentally connected two trends. Most of you probably did this a long time ago. 1. Rig counts and your comments indicate supply not adequate. 2. Demand likely to skyrocket, as following article paragraph indicates. New York, Sept. 9 (Bloomberg) -- Natural gas rose more than 9 percent, the biggest gain in a year, as higher prices for competing fuel made natural gas a bargain. And using the following info from post 50662 this morning: "when crude prices began to tumble (in late 98), residual fuel-oil prices went down faster than natural-gas prices. This led larger customers, including utilities, to switch to the cheaper oil, eating away about 3% of the natural-gas market last year." "We lost about 1.2 billion cubic feet per day of gas consumption in the latest period of oil-to-gas competition" he says. With the rise in oil prices, maybe we're starting to win that back." I just now became a believer that we WILL see $4-$5 gas this winter since supply and demand are going in opposite directions.

To: Douglas V. Fant who wrote (50792)	9/9/1999 8:45:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Doug F; re: Land based Rig shortage... Doug; as utilization rates are still much, much lower than last year - I am assuming a substantial factor in this shortage is many of the rigs are cold stacked, need repair, parts - lot's of rigs get canibalized during times like these - pull parts/equip vs. buying new parts/equip etc. - correct ? What my question/assumption is; Will companies like NOI & IIR who provide lots of the land based rigs/equip and parts be a nice play here at this stage of recovery. IIR looks like a very solid fundamental buy here if so... Any feedback anyone on on the Rig Mfg/Equip co's ?