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


To: The Ox who wrote (54844)11/16/1999 5:08:00 PM
From: pz  Respond to of 95453
 
Crude down 2.490 million
Gas down 4.949 million
Heat down 932,000
Refinery operate at 90.5% vs 89.7%



To: The Ox who wrote (54844)11/16/1999 5:10:00 PM
From: Winkman777  Read Replies (2) | Respond to of 95453
 
Good API's and year to year stocks down a lot.

Crude down 2.5 mbl
gas down 4.9 mbl - 3rd week of unexpected big gas draws
dist down 0.9 mbl

Estimates were

crude down 1.5 to 2.0
gas up 1.5 to 2.0
dist up 0.5 to 1.0

EDIT
Crude stocks 308,972 vs 339,891 last year
Gas stocks 189,464 vs. 205,638 last year
Distillate stocks 134,517 vs 148,353 last year



To: The Ox who wrote (54844)11/16/1999 6:12:00 PM
From: Wowzer  Respond to of 95453
 
Hold on to your hats folks, HAL see improved business (like that is a surprise to any of us), combine that with the red hot API's and all the OSX stocks (except mine) should rock...VBG If you can't tell haven't had a very good week sold out of my winners way too soon and my laggards well, we will just leave it at that.

OH yeah you tell em Cheney, we don't need Prudential to party!

Tuesday November 16, 5:42 pm Eastern Time

Halliburton sees business picking up

LONDON, Nov 16 (Reuters) - U.S oil services giant Halliburton expects to enjoy improved
fortunes as the oil prices surge revives business, Chief Executive Dick Cheney said on
Tuesday.

''We're seeing a definite pick-up in activity and are able to book projects through to the
back end of 2000 and 2001,'' Cheney told a London conference.

Oil service companies have suffered this year after energy companies slashed back spending in response to a savage price
slump. A wave of industry mergers had also made companies reluctant to spend, Cheney said.

Oil prices have now recovered to near three-year highs and companies are showing signs of loosening their belts, he added.

''Most companies are just starting to sit down and make a rather robust assessment on how much money to spend. I'm
reasonably optimistic but we'll know a lot more in two or three months when companies have set their spending plans,'' Cheney
said.