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To: articwarrior who wrote (58185)	1/9/2000 5:55:00 PM
From: enervestor	Respond to of 95453

Despite agreeing with your post on the merits of OEI, it just struck me how we're preaching to the choir here, and how arguing the relative merits of OEI, XTO, etc is sort of like theologeons arguing about how many angels can dance on the head of a pin. Until the market rotates this way, all the micro-analysis in the world isn't going to have any significant effect on these stocks. Then when the market rotates into energy, everything will go up. Eventually each company will trade on it's individual merits, but we're a long way from that happening yet. After that initial rotation and revaluation of energy stocks in general, the market will then begin to choose between gas or oil depending on which sector looks better at the time. If we have the extended run I'm looking for, the pendulum will probably swing back and forth several times, depending on the season, OPEC actions, analyst calls, etc. IMHO On a more basic level, I guess the reason we're even having these arguments is boredom and practicing our analytical skills for the day it really matters.

To: articwarrior who wrote (58185)	1/9/2000 8:09:00 PM
From: ItsAllCyclical	Respond to of 95453

Artic, >> I have to say that your view of this OEI stock is very interesting...Perhaps an update on sector analysis should help wipe the blindfold from your eyes << I was using PXD and XTO merely as examples. I know there are many subtle differences between all the E&P's. If OEI struck a major find (ie. Triton) it'll certainly run way ahead. However, I don't think OEI's fundamentals alone will be enough to give it a valuation much greater than it's peers (Short term). I own a large block of OEI so I'd be happy with 10, but if it happens and PXD is still in the mid 8's I'll be rotating some from OEI to PXD. I agree about OEI breaking it's long term downtrend line. I find it encouraging, but I'm not convinced yet since we have sold off the past two days and we are not very much above the downtrend line yet. Thank you for removing my blindfold. I found your comments so very enlightening.

To: articwarrior who wrote (58185)	1/10/2000 5:27:00 PM
From: ItsAllCyclical	Respond to of 95453

Artic your OEI $9 short term prediction just got a huge probability boost with today's close. The break above the downtrend line is now very clear and based on technical action I have to agree that $9 very soon looks likely. MACD also turning up. Was positive before but just barely. Now with today's close we have established more of a trend in the MACD. Should get the attention of some more technical traders. OEI reported fairly early in the earnings cycle last time I believe (3rd or 4th week). Do you have an earnings date? They should beat by at least 40% imho (excluding the one-time charge for discontinuing operations from recent PR).