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To: Gary Burton who wrote (55142)	11/21/1999 12:06:00 AM
From: LARRY LARSON	Respond to of 95453

Hi Kids- TALISMAN - BIG UP MOVE MONDAY: Want to send this story to another AOL member? Click on the heart at the top of this window. Talisman Energy's Sudan Project Being Eyed by European Rivals Calgary, Alberta, Nov. 20 (Bloomberg) -- Talisman Energy Inc.'s controversial Sudanese project is being eyed by several European companies which are ready to take it over if the Calgary, Alberta-based producer drops its oil project due to political pressures, the National Post reported. Elf Aquitaine SA and TotalFina SA of France and ENI SpA of Italy are interested in the C$800 million (US$547 million) oil project, the newspaper said, citing analysts. Anglo-Dutch/Royal Dutch/Shell Group is also believed to be looking for investment opportunities in Khartoum. Canadian Foreign Affairs Minister Lloyd Axworthy said last month that Canadian companies shouldn't support countries that abuse human rights, and claimed slave trading occurs in Sudan. (National Post, 11/20, D1) For the Web site of the National Post, type NPST <Go>. Nov/20/1999 12:27 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.

To: Gary Burton who wrote (55142)	11/22/1999 8:27:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

GaryB re: Nat Gas bottoming - making NG stocks the play...? Gary; I would respectfully suggest that E Waves can not predict the weather (VBG) - and unfortunately; that is what is driving the sentiment - which is driving the price of NG down. But; regardless of that... I think that the underlying fundamentals for crude prices are certainly stronger and most importantly; more quantifiable at this point than NG. Imho; it is a no-brainer to be in the balanced plays which get the upside to NG; but also have the strong uptrending foundation of strong crude oil production. NG is more of a "gamble" here than crude oil. Crude is being driven by the underlying supply, production #'s and "weather" is driving nat gas. Since the crude leveraged & balanced Crude & Gas companies are equally as cheap as the nat gas pureplays; I'd rather have some upside to crude oil's strong underlying fundamentals - as well as "some" upside to NG - which I agree is near a reasonable bottom; but I would not want to "bet/gamble" on too many NG pureplays right here... It's going to be a "record" high today in the Chicago/Great Lakes region; mid-high 60's today... certainly too early to write off NG; but all we need to do is lose a couple of weeks of "heating days" here into mid december - and we would have to have a "Blizzard/Artic front" come in in late dec - early jan to offset both sentiment and to trigger actual heating demand drawdowns. I think NG has bottomed; but why gamble on the weather; when the "balanced" plays cover both bases ? Also a thought here; perhaps those companies who hedged NG at the high $2's - to $3 here will be looking pretty good vs. those who did not hedge ? The Street hasn't overdiscounted the gas plays here; actually quite the converse - they've thrown out the baby with the bathwater here. The balanced producers have been sold down equally - in lockstep with the NG pureplays. I'll take the balanced plays right here; with a few exceptions. NBL remains one of the very best ideas - near a historic low; has huge, huge cap ex increases coming in 2000 in comparison to 1999 expenditures and should be the "easiest" +50% mover over the next 2-3 qtrs in E&P land imho. OEI & NBL are my 2 fav's.