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

To: Crimson Ghost who wrote (56036)	12/4/1999 11:35:00 AM
From: JHR	Read Replies (1) \| Respond to of 95453

Right on George. Nobody believes price can hold. Point is though, everybody makes a lot of money at $20. I, like you, do a lot of my investing in these stocks via FSESx. Whats worrisome is since this sector hasn't followed oil up since it broke $20, when it retreats to $20, the sector will probably lead the way down. Keeping my finger on the trigger. Like our old friend Thean recently said I don't want to be in but can't talk myself out of being out at this time. If the techs crash they will take everything down. This sector may recover quicker. This bubble has to burst. I live in Austin and the economy here is wild. Houses sell in 2 days for list or better. Expensive cars selling like crazy. Its got to be stock market money. I'm in cash on everything except my trading account. Keep up the informative posts.

To: Crimson Ghost who wrote (56036)	12/4/1999 1:53:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

How does one calculate increase in cfps per $1 increase in oil prices (or .1 gas prices)? I've tried doing some basic calculations but can't match the Merrill #'s given in their Nov 17th research report. I had assumed that fixed costs would not be involved in this calculation since it's an incremental increase. Doesn't really seem like any costs should be involved since they are merely receiving a $1 more for the same production/costs etc. Should be solely related to production levels and cost received. But I know I'm missing something basic here. Also, has anyone tried to calculate OIL's (Triton's) new cash flow per share based on it's Wildcat find? Merrill is saying the find is worth at least $6.50 a share. How did they come up with that number? Any responses would be appreciated.