Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SliderOnTheBlack who wrote (52185)	9/30/1999 1:18:00 PM
From: stan s.	Read Replies (1) \| Respond to of 95453

OIL (Triton), gaining momentum on heavy volume...eom.

To: SliderOnTheBlack who wrote (52185)	9/30/1999 1:37:00 PM
From: MARK BARGER	Respond to of 95453

Slider, enjoy your posts. Re: FGI, I tend agree with the Big Dog's asessment. The bad news is already out there. With the price of oil in the $20+ range, there WILL be increased spending. Looks like a clear cut case of buying FGI at $10 and put in a drawer and sell at $20 within 12 months. The last 12 months have been awful for FGI and the stock price reflects it. Buy low and sell high. Mark

To: SliderOnTheBlack who wrote (52185)	9/30/1999 3:31:00 PM
From: Meridian	Read Replies (1) \| Respond to of 95453

Slider, Thanks for the post. Less capex = less non-OPEC production in 2000 & lower oilfield service prices right now = good margins for E&P's and sustainable oil prices next year (good supply & demand). So are service eps est. ahead of reality? Seems to me that we should be focused on E&P's which can sell forward production into a $24 market and grow cash flow by gobs in 2000 when oil is $20. Services, except shallow well or work over, are not in great demand yet. If capex is to pick up big time in 2000, it won't be until late'00/early'01 that capacity tightens and these guys get some pricing power. When they do they'll stick it to E&P guys. If this is the case, we should buy OSX in 6 months and E&P guys now. How's that for strategy? cheers gambler