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To: BigBull who wrote (55498)	11/27/1999 10:43:00 AM
From: Think4Yourself	Respond to of 95453

Ah, those experts. They can't understand the drop in gasoline stocks. I noticed none of the experts bothered to look at the refinery outputs to see if production of gasoline into stocks was normal. They all guessed at demand related issues to try to explain decreasing inventories. EDIT: When I went to the DOE site and looked at the WPSR, I was surprised to see that production of gasoline in the last month is UP 1.6% from year ago levels. That suggests the demand is even STRONGER than the drop in total supply implies. As has been pointed out already, New York will be cold Monday (and even colder Tuesday). NG prices should be up strongly as the experts react to their local weather.

To: BigBull who wrote (55498)	11/28/1999 11:50:00 AM
From: articwarrior	Respond to of 95453

On OEI... Folks the buy back of bonds has to be one of the best moves at this time in the history of OEI. To be able to better position yourself in debt structure will enable the company to enhance their ability to set up hedges at near the top of the cycle in oil. Imagine being able to lock in 25 - 30 dollar oil prices...What is holding them back now is the banks position set up 8 months ago. At that time it was in the the banks best interest to prevent losing all in BK. #1 Don't expect a buyback of stock. It does not at this time significantly increase shareholder wealth..ie. Stock Price. Not when you can take advantage of better cost structure and increased production. Yes by all means reduce debt fast and streamline operations. OEI management has IMO made a fantastic move. #2 Gary, I hope and pray I can get a $7.50 price for OEI. I have entered into a major position here and will double my position at $7.50. #3 The natural Gas picture here for OEI is the sleeper and the one that will kick in the afterburners for OEI. Here let me take a quote from the 10Q.. REVENUES - Natural gas revenues increased $69 million, or 41%, to $237 million for the nine months ended September 30, 1999, from $168 million for the nine months ended September 30, 1998. Gas revenues increased $50 million, or 96%, to $102 million for the third quarter of 1999 as compared to $52 million for the third quarter of 1998. These increases are primarily due to production from properties acquired in the Merger and to higher average gas prices realized during the period. The average realized price for natural gas increased 4% to $2.00 per Mcf in the first nine months of 1999 as compared to $1.92 in the first nine months of 1998 and increased 31% to $2.34 for the third quarter of 1999 compared to $1.78 for the third quarter of 1998. Daily natural gas production for the first nine months of 1999 was 431 MMcf, an increase of 35% over 1998 volumes due also to the acquisition of producing properties in the Merger. Daily natural gas production increased 50% over 1998 volumes for the third quarter of 1999 to 470 MMcf. Next to OIL, OEI will be 25 to 30 by May of next year. Next earnings will show a tremendous surge in profit, debt recovery and even better production curves. Ah when the street leaves the diamonds in the street looking like coal and all have walked by...What a wonderful Christmas it truly will be! Of course this is just my honest opinion Arcticwarrior