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

To: getanewlife who wrote (51961)	9/27/1999 8:44:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Ge Ying Fang, Re KEG: The stock has pulled back from it's recent high of 5.75 back into support. The stock is now trading at it's 50 dma. and is deeply oversold on a short term technical basis as indicated by the sto's. Could it return to 4? Sure! I don't think so. But that is strictly MY OPINION. moneycentral.msn.com Considering the over all selloff in OS stocks this is not too surprising. No real technical damage has been done, imo. If I had more cash I'd buy more. Why? As predicted - $25 oil does wonders in opening the bank and stock market vaults. The recent stock sales in MAVK and BHI highlight this fact. Can you imagine these companies trying this last January? I expect that over the next few quarters KEG will have the opportunity to refi some of their debt and reduce it through strong cash flow. Also remember that the price they charge for their services will also increase as bidness in the Patch picks up dramatically in y2k. IMO the OS companies that have survived the greatest debacle in recent oil patch history are about to enter the "virtuous circle" of higher prices and easier terms. Further, this is a bigger company than during the last cycle, and it's capacity to generate revenues is thus further enhanced. To me the big problem facing KEG is the debt. Going forward I believe that problem will be substantially alleviated. This is why I hold in anticipation of higher stock prices. Anyway I said my piece for tonight. Good trading to all.