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

To: BigBull who wrote (58643)	1/18/2000 12:35:00 PM
From: Think4Yourself	Respond to of 95453

Your logic seems sound. I still feel ==>domestic<== EnP's are the best place to be though. They benefit as much as OPEC, and are getting rigs dirt cheap at the moment. While the drilling suppliers will most definitely do well, the rigs are renting for low prices which squeezes profit margins. The EnP's are raking in the big bucks, while shelling out the small bucks. They are getting the lions share of the high oil prices (unless they shafted themselves with poor hedges). The anomaly of NG prices vs Oil prices has me baffled. How long will this go on? I suspect every multifuel industrial user on the continent is using NG exclusively at the moment. Energy is energy, and NG energy is FAR cheaper than oil energy at the moment. Not trying to get into a debat here. Just find the anomaly interesting. I akm not planning on selling any stock this year. The fundamentals look fantastic in this industry, and I see no reason to invest elsewhere. Besides, I am no that good at timing the market, and why should I take a huge tax hit for no reason? I am doing very well just letting it ride, much better than if I were actively trading.

To: BigBull who wrote (58643)	1/18/2000 2:11:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

UN + Iraqi oil industry infrastructure quote.bloomberg.com Iraq's output won't increase much above current levels anytime soon even if the UN accelerates the pace in which the country can import much-needed spare parts for its crumbling oil infrastructure, analysts said. ``It's not a question of putting in place policies that will boost Iraqi output,' said Mohammed Abduljabbar, an oil analyst with Washington-based Petroleum Finance Company. ``It's a question of moving quickly to make spare parts available in order to stop Iraq's production level from declining.'