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

To: upanddown who wrote (58981)	1/23/2000 10:57:00 PM
From: Tomas	Respond to of 95453

"As Long as the World Needs Oil, We Can Find It" An Exclusive Interview with Petroleum Industry Patriarch Michel Halbouty Oil & Gas Online, January 20 oilandgasonline.com{C8CFC761-CEB8-11D3-8C17-009027DE0829}&Bucket=Feature+Articles

To: upanddown who wrote (58981)	1/24/2000 10:23:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

UFAB getting bought out ? & Susan Byrne CNBC - Apache, Stone candidates ? Susan Byrne on CNBC - fund manager who caught the Oilpatch low's last spring talked about the low valuations here; even in light of Oil retracing to $20. She talked about continued consolidation and mentioned Apache & Stone Energy as possible takeouts. I've hear rumbling on UFAB getting bought out for a couple of days now; any conformations - comments ? I heard .85 shares of GIFI fwiw. That = $9.78 which is way too cheap imho. Oilpatch Analyst @ Stephens has UFAB as his cheapest stock in their coverage and with the highest % upside to their target price; which is $24. If this "buyout rumor" is true - UFAB must depend on GIFI's price appreciation to get to fair value imho. But, I can see how GIFI can't pay a stock premium. Maybe cash ? UFAB ought to hold out for $12 here imho. Too cheap and while GIFI is cheap too. UFAB will be $12 on any small cap rally, possibly by summer. Apache keeps getting mentioned as being taken out like Arco was here ? Could be real intereting, APA is not a screaming buy here like many other E&P's, it has broken out a bit; but still - should see $50 by end of year imho. Stone I never followed - never looked cheap fundamentally; does anyone follow Stone ? Buyouts had better happen in a hurry; as shareprices here may bust out. Maybe we will see a bunch of buyouts here quickly as crude & gas appear to have crossed their hurdles and $20+ crude for 18 mos. may be assured funamentally.