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

To: Winkman777 who wrote (56292)	12/7/1999 12:45:00 PM
From: Winkman777	Respond to of 95453

Norway stocks cheap, ripe for takeovers-analysts December 7, 1999 12:17 PM By Torbjoern Pedersen and Oeyvind Robberstad OSLO, Dec 7 (Reuters) - Many Norwegian companies remain under-priced and are likely targets for foreign predators, analysts said on Tuesday. Despite gains in the Total index to peaks this week at around 1,300 points -- the highest so far this year -- analysts said Norwegian companies remain cheap and are natural prey for foreign bidders. ....offshore sector was also lowly priced and attractive to potential bidders. "There are many who will consolidate further and in the offshore industry we have only seen the beginning," said Stundstoe. "But the biggest (takeovers) will not come before next year," he said. Offshore supply companies Navis and Ocean Rig and services firm Smedvig might attract bidders, analysts said. "Norwegian companies are to a large extent specialists in their own fields. It is difficult to find many synergies between them, which again contributes to the likelihood that they will be victims of international consolidation," said one analyst. That analyst said that among the larger oil-related stocks, Petroleum Geo-Services was continually bathed in rumours that American giant Halliburton HAL wanted to buy the group.

To: Winkman777 who wrote (56292)	12/7/1999 1:02:00 PM
From: Crimson Ghost	Respond to of 95453

OSX and E&P action so bad its almost good. By that I mean this kind of horrible action is probably signalling a bottom of some significance within a day or two.

To: Winkman777 who wrote (56292)	12/7/1999 1:12:00 PM
From: Crimson Ghost	Read Replies (3) \| Respond to of 95453

Winkleman: Thanks for posting that Stephen Leeb piece. Mirrors my own view that we will see a huge energy bull market rivaling the 1970s begin early next year. Some bullish comments on the sector's prospects : But Frost Securities analyst Lewis Krepps said in a research note to clients on Monday that the sector should be poised for strong gains next year. ``The year 2000 is still shaping up to be a strong year, particularly for the diversified service companies, offshore and land drillers, and supply boat companies,' Krepps said. ``Therefore, we recommend investors add to their positions in service stocks before the end of the year.'