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

To: BigBull who wrote (57712)	1/1/2000 12:21:00 PM
From: Razorbak	Respond to of 95453

Boom 2K: "Colombian Rebels Stage New Year Pipeline Bombing" Saturday January 1, 10:01 am Eastern Time Colombian Rebels Stage New Year Pipeline Bombing BOGOTA, Jan 1 (Reuters) - Marxist rebels bombed Colombia's second largest crude export pipeline shortly after midnight on Saturday, forcing a halt to oil pumping operations and bringing in the New Year with a bang, authorities said. The 480-mile (760 km) pipeline was hit 40 miles (65 km) from the Cano Limon oil field, operated by U.S. multinational Occidental Petroleum Corp (NYSE:OXY - news) in northeast Arauca province, a spokesman for state-run oil company Ecopetrol said. The 230,000 barrel per day capacity pipeline, which runs to the Caribbean coast oil terminal at Covenas, was repaired only five days ago after a previous sabotage attack. It was bombed at least 77 times last year, according to Ecopetrol, equaling the previous record for attacks set in 1998. Ecopetrol did not say how much crude was spilled in the latest attack. No details were immediately available on the impact on output at the Cano Limon field, which is currently running at about 130,000 barrels per day. Leftist guerrillas routinely target energy infrastructure in protest at what they see as the excessive involvement of foreign multinationals in Colombia's oil industry.

To: BigBull who wrote (57712)	1/1/2000 1:41:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

While we are creating the SI Drilling "Ass Whipped" poster child award for 1999 I am nominating a few candidates that I think equally deserving of the award. The envelope please: finance.yahoo.com What this says about the respective industries I don't really know. Maybe the NG E&P story wasn't as big as some thought? Gee I dunno, I ain't that smart - you guys figure it out. I do know that most who purchased these stocks back in the late summer and early fall lost lots of money. All excepting the traders. Fortunately I dumped most of mine and had the money to load up on OII and PTEN. WOW! MDR 40% in one day! Sure glad I didn't sell fgh and buy this dog!

To: BigBull who wrote (57712)	1/1/2000 1:58:00 PM
From: Crimson Ghost	Respond to of 95453

BB Agree/disagree on Asia. Asia unquestionably will lead the world in economic growth over the next few years. But the short-term outlook may be less robust than you expect. Many Asian economies depend heavily on the US market. And with Greenspan expected to move aggressively this year to deflate the bubble to a certain extent and slow the US economy, Asian economies and stock markets will not escape unscathed. I am not talking about a replay of the 1997/98 Asian meltdown. Just a slowing of economic growth for a year or so and a correction in their very overheated stock markets as the Fed tightens.