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

To: Winkman777 who wrote (53591)	10/26/1999 5:00:00 PM
From: A. Geiche	Read Replies (1) \| Respond to of 95453

API Crude up 3.42 gas down 1.95 Dist down 2.97

To: Winkman777 who wrote (53591)	10/26/1999 5:16:00 PM
From: SliderOnTheBlack	Respond to of 95453

Patience & "beating the crowd (Street) to the party"... re: "Oil & Gas Producer sector in the latest issue of The Wall Street Transcript " twst.com ============================================================ <<The panel goes on to offer recommendations about which sector stocks are most likely to reward investors. ``We think there's 35% upside in this group over the next six months,' Wheeler forecasts, ``so we continue to advise investors to overweight the E&P sector. Among the smaller cap names, we like Magnum Hunter (Amex: MHR - news) and Range Resources (NYSE: RRC - news).'>> ============================================================ 35% upside within 6 mos. for the sector and this guy likes MHR & RRC the best in small caps... hmmm; what an idea (VBG). Wonder if they "got MLRC" ? E&P's are pounding the numbers here - cash to step up cap ex spending, to pay down debt, or to make additional acquisitions - which ever the need may be... This is the "last chance" - final boarding call to get aboard the "cheap" E&P Train imho... Be patient; E&P's are producing fundamental results right here, right now... the valuations will come to the fundamentals - allways have, allways will... We can not have $22-24 Crude & $3.00 Gas - at the same damn time ! and have the sector index reflecting $14 crude & $2.00 Gas in its valuations for long. Simply buy the dips; trust the numbers and be patient... the valuations will catch up to the fundamentals and the upside is easily 30% to 50%+ with a couple of doubles possible imho... Not much to talk about - low volume, softness on lack of buying and not from selling is the good news; ususal tuesday pre- API # weakness... we'll be fine. The likliehood for a total market meltdown lessens with each passing day. We need another 3-4-5 Million boe drawdown reported in the API's to jump start the sector once again. I am merely fishing for some intra day lows and watching for individual company blow offs... not a whole lot going on... good time to tend to other concerns and just let the auto pilot program of stop & limit orders do its work... I only triggered one buy in the last 2 days on over 20 gtc limit buy orders - not real close on too many here... I'll sit & wait - not cheap enough to buy and certainly not pricey enough to sell. Maybe we'll see someone blow off on earnings here and get to pick up a bargain, or two... I'm putting the portfolio on "auto pilot" and taking a break... good luck all.