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

To: Think4Yourself who wrote (51251)	9/16/1999 9:10:00 AM
From: Tomas	Read Replies (1) \| Respond to of 95453

Though oil prices have surged in the past few days, the shares of oil producers such as Lasmo Plc, Premier Oil Plc and British-Borneo Oil & Gas Plc have declined. Analysts said the weakness of these oil stocks is tangible evidence the oil price may tumble sometime soon. ``Nobody trading these equities really believes oil will stay at $23 a barrel. If they did, British-Borneo and the others would be soaring,' said Mark Redway, an analyst at Greig Middleton in London. ``But even if the oil price retrenches to $18 these companies are undervalued and can still make good profits.' Bloomberg Energy, September 16

To: Think4Yourself who wrote (51251)	9/16/1999 9:33:00 AM
From: articwarrior	Read Replies (1) \| Respond to of 95453

>Why is everyone so big on FGI/HLX when there has been so little pickup in offshore drilling, and there are concerns OPEC will raise quotas within 6 months and/or cheat? I don't get it. > If you understand the business HLX is in then you might appreciate the deal more. HLX builds ships and the aging of our tankers and shipping industry is reaching critical proportions. Second Navy boys have HLX in a pilot project that if successful could bring Billions into this corporation. As far as I'm concerned HLX does not have to merge with FGI.