Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SliderOnTheBlack who wrote (58743)	1/19/2000 5:13:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

Slider, 2 questions regarding LD? 1) What is their oil/gas mix approximately? 2) To what extent are they hedged? I know I can research this myself, but I would imagine you know this offhand. I would appreciate any response. Sorry for being lazy, but with everything going gangbusters I'm spending most of my time taking profits and rotating etc. I think OEI could have a similar run to VPI over the short term. Still too early to take profits in almost any E&P imho unless of course you are merely rotating to another. (Other sectors DSL) - I know they're not fundamentally undervalued (PDYN is to it's peers), but you have to throw a little money toward the techs as a hedge if nothing else. (PDYN and NPNT as DSL plays are paying off nicely). Bought both mostly on technicals. Love the NPNT chart short term. In both around 27. I know you're a trader as such NPNT might be worth a look. At the very least I'd like to know your take on the technicals if you have one. I'm expecting a pre-earnings runup similar to the one PDYN had the last 2 days.

To: SliderOnTheBlack who wrote (58743)	1/19/2000 6:33:00 PM
From: oilbabe	Respond to of 95453

Slider: I agree with you on XTO...just that there are other more compelling areas for my $$ right now, and I rode XTO down too many times the past few weeks...I've still got my Fid mutuals!! I am probably early, but better early than late. Good luck to you...and try to be nice to Sarge! All that FGH $$ should mellow you some, right? I found myself humming on the way to the gym this afternoon!!

To: SliderOnTheBlack who wrote (58743)	1/19/2000 8:08:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 95453

FOCUS-OPEC hardline drives U.S. oil over $29 By Richard Mably NEW YORK, Jan 19 (Reuters) - Oil prices in the United States on Wednesday posted nine-year highs with no sign yet of respite from OPEC producers who are keeping a tight rein on exports. New York Mercantile Exchange light crude futures hit a peak of $29.68 a barrel, the highest oil price since January 1991 when allied warplanes were preparing to expel invading Iraqi troops from Kuwait. February crude finished up 69 cents at $29.54. Dealers said the recommendation from a number of OPEC ministers last week that the cartel extend output curbs beyond a scheduled end-March expiry remains the driving force behind the price rise. ``These countries are openly saying that they want to keep the oil supply-demand balance tight,' said Mike Rothman of Merrill Lynch. ``The Saudis are signalling that they want to defend oil at $25 a barrel.' George Beranek of Petroleum Finance in Washington added: ``OPEC has done a very good job in convincing the world that it is serious about keeping oil cuts in place. That's what has got the hedge funds excited on NYMEX.' Saudi Arabian Oil Minister Ali al-Naimi, OPEC's most influential policy maker, said last week that he was content with market conditions and could see no reason to change production policy for the remainder of 2000. Other producers have suggested extending current export curbs to September. OPEC is scheduled to decide policy at a meeting in Vienna on March 27. Added impetus for prices came from a severe cold spell in the northeastern United States, the world's largest market for heating oil. NYMEX heating oil has jumped 24 percent, 15 cents a gallon, in just eight days, closing at 80.03 cents a gallon on Wednesday just below a peak of 80.30 cents -- also the highest in nine years. OPEC's agreement of March 1999 removing 4.3 million barrels a day from the 75 million bpd world market has already left world petroleum inventories perilously close to historic lows. The American Petroleum Institute said on Wednesday that U.S. crude stocks fell nearly 13 percent during 1999 to end the year at the 30-year low set at end-1996. Commercial crude stocks fell 30 million barrels to 293 million barrels during the year and heating oil and diesel inventories slipped 31 million to 125 million barrels. But the API said U.S. heating oil stocks were adequate for the remainder of the winter. ``I would say we're in good shape,' said Ronald Planting, manager of information and analysis at the API's statistics department. Nevertheless, concerns are rising that OPEC's intent to keep the heat under oil prices to maximize export revenues could have an adverse impact on world economic growth. ``There seems to be only one source of inflation at the moment in the U.S. and that's energy,' said Beranek of Petroleum Finance. ``That's bound to generate some political pressure.' ``Oil prices over $30 a barrel would start to have ramifications for the world economy and OPEC is well aware of those concerns,' said Rothman of Merrill Lynch. U.S. Energy Secretary Bill Richardson is due to meet oil ministers from OPEC states Saudi Arabia, Kuwait and Venezuela during the Davos economic summit in Switzerland at the end of January. Richardson's office said on Tuesday that he remained concerned about the cost of oil but believes market forces must set prices. That leaves little prospect of any release from Washington's huge hoard of inventory held in the Strategic Petroleum Reserve. OPEC's Venezuela, one of the largest suppliers to the United States, has already sounded a note of caution. Venezuelan Oil Minister Ali Rodriguez said on Monday that in his opinion the production limits would not be retained until year's end although he could not rule out the possibility.

To: SliderOnTheBlack who wrote (58743)	1/19/2000 8:55:00 PM
From: Roebear	Respond to of 95453

Slider, The NAO continues negative, but at a reduced level of -.3. I expect it to hold negative through the week. So far so good. I am thinking it might after a wobble up toward zero line we could get a real negative reading like negative one+, northeaster likely then if other patterns match. Congrats on the FGH move. I had a busy work day and in the hour or so I had available (by design) my IP was down during the critical period. Ironically, I just got rid of my second IP (billing dispute)! Wasn't meant to be, I guess, but I am pretty well loaded with other stuff. What little FGH I picked up before and options I had I will hold for awhile and see what the chart speaks. I always liked MARY, but she jumps every time I try to grab her VBG! Best of luck, Roebear