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

To: SliderOnTheBlack who wrote (56480)	12/8/1999 3:17:00 PM
From: ItsAllCyclical	Respond to of 95453

VPI - Yes buying heavily in 2 of my 3 accounts. 1 account is nearly maxed out. You can kind of tell the best E&P plays here because they were the last to pullback. APA, VPI, OIL were some of the last to pullback. APA due to it's quality/leadership and VPI and OIL due to their heavy oil concentration. VPI near 3x cash flows. It'll look very cheap to the novice investor/mo mo crowd purely on a PE basis after q4 earnings.

To: SliderOnTheBlack who wrote (56480)	12/8/1999 3:21:00 PM
From: ChanceIs	Respond to of 95453

Slider - Bought PXD at $10, now down 20+% but I have no complaint. PXD will be a star in '00. Now the real deal - Stone Energy (SGY) - down $20 from its early fall high to $36ish. Its a great GOM company - very successful E&P rate - more on the oil side. The fall high was a company record as opposed to most E&P's or OSX which were at 50% of '97 highs. I'd be buying here but my PTEN is down - ouch.

To: SliderOnTheBlack who wrote (56480)	12/8/1999 3:35:00 PM
From: BigBull	Respond to of 95453

Slider, consider this a test of your OS capex/Chicago area knowledge. Just a friendly challenge of your OS knowledge. Who stands in the running to get this contract? 12/8 13:30 Coastal, Peoples Energy to Build $300 Million Gas Pipeline in Midwest By Steve Klein Coastal, Peoples Energy to Build $300 Mln Natural-Gas Pipeline Houston, Dec. 8 (Bloomberg) -- Coastal Corp. said it's teaming with Peoples Energy Corp. to build a $300 million natural- gas pipeline from Indiana to Wisconsin to supply fuel to new power plants in the Midwest. The 130-mile pipeline will carry as much as 1.4 billion cubic feet a day. It will begin at St. John, Indiana, about 10 miles southeast of Chicago, run north to Lake Michigan, and likely emerge from the lake near Milwaukee, Coastal said. Houston-based Coastal, the sixth-biggest U.S. interstate- pipeline operator, and Peoples, a Chicago-based gas utility, haven't determined how much each will pay, Coastal spokesman Joe Martucci said. They expect to add partners, he said. The pipeline will connect with a hub in Joliet, Illinois, that receives gas from western Canada, the Rocky Mountains and the Gulf of Mexico region. Houston-based Coastal owns 18,000 miles of interstate gas pipelines, power plants worldwide, chemical plants, coal mines and gasoline stations. It also trades gas and power, and explores for oil and gas. Peoples owns two utilities that sell gas to about 1 million people in northeastern Illinois.