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

To: SargeK who wrote (58235)	1/11/2000 8:35:00 AM
From: oilbabe	Respond to of 95453

Crude Oil Rises After Saudi Arabia Says OPEC Cuts May Be Kept London, Jan. 11 (Bloomberg) -- Crude oil rose more than 1 percent after Saudi Arabia, the world's top oil producer, said leading oil-exporting nations will maintain output cuts beyond their scheduled expiration at the end of March. The Organization of Petroleum Exporting Countries, which controls about a third of the world's oil supply, won't boost supply because global oil inventories are not yet low enough, and demand from refiners not strong enough, according to a person familiar with Saudi Arabian oil policy. That followed a call by a senior Venezuelan oil official also to extend the cuts. ``The OPEC comments overnight are encouraging the market higher and reiterating what Venezuela is asking for,' said John Ruffles, a broker with ADM Investor Services International Ltd. Crude oil for February settlement rose as much as 25 cents, or 1.1 percent, to $23.98 a barrel on the International Petroleum Exchange. Crude oil for February delivery on the New York Mercantile Exchange was up 23 cents at $24.90 a barrel in electronic trading. Oil prices more than doubled in 1999 after 10 members of OPEC, and four other nations, agreed to cut world output by about 7 percent for a year starting April 1 in a bid to eliminate a glut of oil. OPEC's efforts since then have been widely seen as a success as members adhered closely to quotas and prices in December reached their highest level since the 1991 Gulf War. Oil ministers from the group are scheduled to meet and review the cuts on March 27, though much of the groundwork will likely take place during meetings between other oil officials from member- countries during the preceding weeks. Venezuela's state-run oil company, Petroleos de Venezuela SA, said yesterday that the cuts should be extended beyond March to ensure prices don't fall. Venezuela is OPEC's third-biggest oil producer. ``Why would I increase production and contribute to falling prices?' PDVSA President Hector Ciavaldini said. ``We're producing at the levels that keep the market most stable.' Last week, however, prices posted their biggest decline for three months as higher-than-usual temperatures in the U.S. cut demand for products such as heating fuel, and on signs that OPEC might be slackening in its commitment to maintain output cuts. Compliance with the pledged cuts among the 10 OPEC members fell to 82 percent in December from a revised 85 percent in November, a Bloomberg News survey showed at the end of last week. Other surveys pegged compliance as low as 74 percent. Gasoil for January delivery on the IPE rose as much as $4.50, or 2.3 percent, to $200.50 a metric ton, after five straight declines.

To: SargeK who wrote (58235)	1/11/2000 8:38:00 AM
From: oilbabe	Respond to of 95453

Sarge: OT: Is there a reason that I cannot PM you? Your profile has no spot for sending a PM...is that your choice, or a mistake by SI? Thanks...

To: SargeK who wrote (58235)	1/11/2000 9:00:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

SargeK re: FGH, actually I'd prefer direct answers to the questions I'll try to ignore the "personal" comments. As far as FGH, I am looking for a reason to go "long" on any weakness here - does that make you feel better ? But; there is speculation that FGH may be taking substantial charges this qtr, that they will show further severe backlog deterioration and if the rest of the world (other than you) doesn't hear any NEWS from FGH's IR - then the vacumn will continue to be filled with rumor & inuendo. Clearly FGH is in control of this issue - if they want to be... ? I wasn't the one who structured the merger to highly benefit Dane & Holloway if the stock price crashed lower prior to the merger ! ROFLMAO ! - and YOU SargeK have the sheer audacity to accuse someone else of stock MANIPULATION - look right in front of you for christs sake !!!!!!! WHO THE HELL BENEFITED THE MOST ON FGH's STOCK PRICE CRASHING PRE-MERGER ?!?!?!? ... FOLLOW THE MONEY ! ... and you wonder why FGH has never had major institutional ownership indicative of their position in the industry ?!?!?!?! As per a comment on Yahoo - maybe the same folks who benefited with lower stock prices going into the merger - are benefiting , or desirous to buy low here and are not in a hurry to release good news - if there is any ? Sure as hell makes you question what the hell FGH & their IR dept is thinking ? If they have news - then release it now ! Many people feel they were sold down the river by FGH sitting on news going into tax selling season ? But, once again - per speculation; maybe they want to save the good news they have, to buffer the bad news coming in the qtrly release - ie: Charges, or severe backlog deterioration, or worse ? SargeK, - as the resident expert on FGH and one who has professed publically to having a direct access to FGH's IR rep - and has passed on news & info that the public hasn't heard; maybe you can stay on topic and answer these questions: 1. Will FGH be taking any "CHARGES" in the coming qtr, if so for what & how much ? 2. Are they laying off ? If so, how many & what yards and what projects do these yards specialize in ? 3. Why didn't they release the news they supposedly are sitting on - to stop the stock crash going into year end 1999 and why aren't they releasing it now ? ie: the speculation that they HAVE to save it in an effort to buffer the bad news... 4. Show us the money ? per many CEO's; for example like XTO's Bob Simpson - who came out and publically stated his corporate goals for cfps, earnings & production etc - what are the goals & targets for FGH ? New order revenue in 2000 ?, projected backlog by year end 2000 ? Net income/EPS for 2000 ? etc... Quite frankly; I fail to see the near zealot blind obsessive loyalty to a company who in my personal opinion is among the LEAST deserving of ANY loyalty... no news, deals structured to benefit the rich - who get richer while the poor get poorer ?!?!?! - and sit on news !?!?!? while the stock crashes and people bail out with tax losses ?!?!!? For the life of me, I honestly do not see a more terribly run company from an investor standpoint - in MY opinion; this is THE WORST ! Any you zealots want to chastise those who dare spew on this group ? Give me a damn break. You got what you deserved imo... ... now, do not confuse the fact that I would go long the stock in a heartbeat as it would be purely a financial decision, I can despise the way they lookout for shareholders; but I have no problem profiting on the movement of the stock (by following the MONEY ! - and who benefits when...) - while simultaneously despising the way they build shareholder confidence ; I would not trust these people any further than I could throw a Jones Act Double Hull Tanker... PS - that short interest ??? Let me put a special someone under oath and ask the questions on how & why that short interest appeared long, long, long before ANYONE other than Jesus Christ, or Nostradamus could have possibly known that this was a good short candidate... that STENCH will NEVER go away... no one is fooling anyone on that issue; strictly dancing around the terminology issue imo... "someone" hedged their position in my OPINION - period. Can you imagine those 1 MILLION + shorts who were short over $18 and who STILL have not covered here for a damn 3 BAGGER at $6 ?!?!?!?!? Now; if you can logically ask yourself - WHO would not cover a 3 BAGGER SHORT here ?!?!? - there is only ONE possible answer folks... and it should make you all want to puke - and it should also explain the way the merger deal was structured and why the news does not seem to be timely for the individual shareholder and why FGH does NOT have the Fidelity's of the world institutionally owning major positions in their stock - 'nuff said ? The day you see FIDELITY own a substantial position in FGH is when I eat a crow sandwich...per this marketguide link; FGH had 1.2 MILLION SHARES SOLD BY INSTITUTIONS in the last qtr shown by marketguide. That is HUGE !!!!!!!!!!!!!!! - as Institutions only hold 4.136 Million shares ! They sold at a 3:1 ratio !!!! That is among the WORST Institutional SELL ratio's that I saw among this sector ! Explain THAT Sarge ? messages.yahoo.com