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

To: Tomas who wrote (53256)	10/19/1999 11:54:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

EOG and OXY make list of biggest earnings surprises for the day. biz.yahoo.com Hopefully this will draw more attention ($$$) to this subsector by those that don't normally follow oil/gas stocks. Maybe they'll once and for all get in right in their articles that seemingly paint all oil/gas stocks with the broadest of strokes. What will be the catalyst for the next move up in the E&P's? Earnings, overall market, sector rotation or an OSX reversal back to 75-80. Place your bets...

To: Tomas who wrote (53256)	10/20/1999 7:10:00 AM
From: Tomas	Respond to of 95453

Canada: Drilling should increase 50% in 2000 FirstEnergy Capital Corp., a Calgary-based energy investment firm, estimates cash flow for Canadian producers should reach a new collective record in 1999 of $16.9-billion, despite the slow start to the year, or 5% higher than in 1996, the previous record year. For 2000, the firm is predicting cash flow for the group of $19-billion, based on oil prices at $19.50 (US) a barrel and natural gas at $2.95 per thousand cubic feet. The firm is predicting a jump in capital spending in 2000 to $23.1-billion, or 63% higher than in 1999. Drilling should increase to 16,300 wells, or 50% more than in 1999. Full article: PanCanadian first in with bumper results nationalpost.com