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

To: Roebear who wrote (51394)	9/19/1999 9:55:00 AM
From: oilbabe	Read Replies (1) \| Respond to of 95453

Gulf states in oil pledge RIYADH: Oil ministers from the six Gulf GCC states yesterday pledged to maintain their agreed oil output cuts until March 2000, just four days ahead of Opec's ministerial meeting. The Gulf Arab states also said they would back the Saudi candidate for the post of Opec secretary general, while Saudi Oil Minister Ali al-Nuaimi said he believed the kingdom's candidate had the greatest chance of winning. In a statement issued after their meeting, the ministers said they had "agreed that the stability of prices needs a continuation of the accord on the reduction of production until the end of March 2000. "The ministers confirmed their respective countries' readiness to respect the production levels agreed until March 2000, and expect other producing nations to do the same," the statement added.- AFP

To: Roebear who wrote (51394)	9/19/1999 5:52:00 PM
From: dfloydr	Read Replies (2) \| Respond to of 95453

Roebear, I am reminded of something I read on one of these threads in the last day or two: Fear and Greed drive the market. Fear eventually goes away. Once FGI/HLX conclude or break their deal investors in any combination of these two stocks should get a nice ride just from an end of the "Fear" factor. As has been said, the "quiet period" came at a damned unfortunate time for these two. Both have had to pass on several opportunities to talk to institutional investors and the world at large. Once this period is past investors will start looking at where this combination is going and at the changes that will be occurring in this industry over the next ten plus years which will likely require a variety of new contraptions of one sort or another to be built ... things that can not be built in my garage.