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

To: SliderOnTheBlack who wrote (56857)	12/14/1999 1:24:00 PM
From: BigBull	Read Replies (3) \| Respond to of 95453

Looks like a plain old fashioned oil/osx cycle to me. A good Matt Simmons description of same. Clearly, OS's are now in the lull period. simmonsco-intl.com I think this one will last longer and go further than the last, due simply to the fact that emerging markets are entering a much stronger economic cycle than the last. KEG = 4.25 or FLC = 10.25 whichever comes first. Both have quick 40% upside from those levels and very little downside. Good risk reward ratio. Will plow trading profits back into the pipe layers GLBL - HOFF for longer hold. Maybe OII. OII = license to steal. If PDE gets wacked down to high tens first, I go there. Drillers first. Offshore construction after.

To: SliderOnTheBlack who wrote (56857)	12/14/1999 3:26:00 PM
From: Meridian	Read Replies (1) \| Respond to of 95453

<<CapEx viewed to be disappointing>> by Lehman...that's a load of crap. If I'm Exxon and I'm trying to get a good long-term deal from SLB at low prices, I'm sure's the hell not going to go out and say my CapEx will be up 20% in 2000. What kind of a deal would I get then? Plus, what this guy's not accounting for, is that oil companies routinely SAY one thing, then if oil is at current prices, they DO another. CapEx not disappointing at 10%, it will be surprising guys like this when its up 20%. gmbler