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

To: upanddown who wrote (55541)	11/28/1999 4:34:00 PM
From: Aggie	Read Replies (1) \| Respond to of 95453

John T, hello My opinion is that it will not substantially affect the ratio, because, even if gas stays low for now, depletion reality will soon set in - and the price will begin to riseback to the $2.70 - $3.00 level. This fundamental change in strategy is in answer to perceived demand, not spot market price. The number I've been hearing is that the reserve base (supply) is 3% lower than last year's - this from Goldman Sachs, I think - and last year was a warm winter. To all on the thread - what is the concensus on EEX? Have they made a succession of blunders with their divestment/investment strategy, and have there been updates on drilling progress with the Llano appraisal? This one looks like rock bottom to me, either buy out material or turnaround-with-rising-nat gas-prices. Trading at 0.35 book value and 0.34 trailing sales! Slider, you were hyping this one way back in Sept-Oct. What's your take now - a man would have to stuff his arm down the toilet all the way up to the shoulder to gets shares in this one right now. Regards to All and thanks in advance for your comments on EEX. Aggie