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

To: dfloydr who wrote (51993)	9/28/1999 12:22:00 PM
From: Think4Yourself	Respond to of 95453

Maybe because the data in the oil/gas industry is so unreliable? Or because the analysts/experts are totally clueless as to what is happening until after it has happened? I have never seen an industry where the experts know so little about the trends and the analysts are so poor at predicting earnings - they have to be told by the company. "What does not make sense is that we are seeing the price of gas move downwards under these circumstances. That leaves me with a big WHY?"

To: dfloydr who wrote (51993)	9/28/1999 1:42:00 PM
From: Douglas V. Fant	Respond to of 95453

DFloyd, I'd guess that prices will wander up and down during shoulder season as most supplies for the heating season have already been purchased by storage facilities, transporters, consumers, and utilities. But watch the price on the December Futures contract. That has been rock steady around $3.00 /mcf of late which tells me longer term where we are heading pricewise.... In fact I'm buying a few shares of major E&P's today.. Also look at LPWR as a potential "bird's nest" on the ground. it's a laser manufacturer that's as of today trading 50% below a proposed acquisition offer from II-VI Corporation another laser manufacturer. My guess is that additional parties will enter the acquisition battle (my guess is that LPWR's major customer Lockheed might be such a party) as LPWR has some good new solid state laser technology to its credit....