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


To: SliderOnTheBlack who wrote (51528)9/21/1999 12:06:00 PM
From: Think4Yourself  Read Replies (3) | Respond to of 95453
 
Guess I need to clue you in Slider. I really thought you would see this.

Thibodaux #1 was down during the blowout. This well has had EXCELLENT production so far (18 MMCF/Day and 1800 bbl/day) and Meridian has a 71% interest in the well. Do the math...

Bad news, right? wrong! The well had JUST come online, so it's production was not in prior quarter figures. Stock price got cut nearly in half anyways, so I bought BIG TIME! Well is now back online.

The blowout well (Thibodaux #2) was capped and Thibodaux #3 will replace it, coming online late next month. #3 goes through the same sands as #1, but is geologically isolated from #1. Guess what is going to happen to earnings if #3 is as big a gusher as #1 (all indications are that it will be)??

BOTTOMLINE: my extrapolations were EXTREMELY CONSERVATIVE!

press release below will validate claims regarding well #1

gasandoil.com



To: SliderOnTheBlack who wrote (51528)9/21/1999 12:19:00 PM
From: victorw  Respond to of 95453
 
Campenaris had a big mouth, didn't he? Also un-PC. One could have a worse role-model.

victorw



To: SliderOnTheBlack who wrote (51528)9/21/1999 1:23:00 PM
From: gpphantom  Respond to of 95453
 
Slider, what are you buying during this "opportunity"?



To: SliderOnTheBlack who wrote (51528)9/26/1999 8:46:00 PM
From: Roebear  Respond to of 95453
 
Slider,
I must thank you again, I believe you may have helped me spot a short term bottom on the gold stocks:

techstocks.com

"The Bert Campenaris of the 'patch.... C'Mon; give me a call on Gold Mining Stocks
here (VBG)..."

******
Currently, gold is rising very rapidly, +4.10 at 274.0, which I believe it has now broken the 272 resistance it was fighting with on Friday. Of course I based my little five figure foray into the golds again (my first sizeable position since wisely fleeing, with half profits, after the 1st Bank of England sale) on TA and sentiment and the almighty tape. But besides that, for all practical purposes, I still ended up fading your above derisive comment on gold stocks.

(Of course I understand that we who dabble in the golds must be even more nimble than those that dabble in the black gold, lest we eat crow. But in this case that is not on my menu...)

Here is to hoping Providence shines on some of us with the same kind of fade/bottom indicator on FGI!

Life is Good VBG,

Roebear

Edit: In the few minutes it took to type the above post, gold is now up 6.90, almost another $3.00, and is poised to attack another resistance level. This stuff is amazing when it flies, these are strong resistance areas put in months ago.
Ideas anyone on how this will effect Oil? On the surface it would appear to be good for commodities but not good for the market.