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

To: Tomas who wrote (53204)	10/19/1999 11:13:00 AM
From: Tomas	Respond to of 95453

US crude stockpiles are expected to have increased 2.0-2.5 million barrels last week, brokers and analysts said. Inventories of gasoline are anticipated to have risen 0.5-1.0 million barrels last week, while distillates are expected to have remained flat or decreased slightly by 0.5 million barrels. Refinery runs are expected to have remained flat or dropped 0.5 percentage point. Bridge News, October 19 crbindex.com

To: Tomas who wrote (53204)	10/19/1999 11:30:00 AM
From: ldo79	Read Replies (1) \| Respond to of 95453

Don't know if this was previously posted, but from front page of 10/18 GOM newsletter "Effective Gulf jackup utilization nears 100 percent" Some +'s, -'s in the article. Regards

To: Tomas who wrote (53204)	10/19/1999 1:13:00 PM
From: ChanceIs	Respond to of 95453

HoHa!!! Tomas - Thank you - Any PTEN longs have to read the article Tomas put up from Simmons & Co. I also liked the part: "The relationship between production and drilling is strong and the industry can't grow production without drilling. The recent recovery in gas directed drilling will be too little too late to meaningfully impact 1999 production. Through the second quarter the degree of falling production was becoming apparent." and: "With the ill-effects of lower spending and depletion starting to surface, there is doubt that we can fill storage."