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

To: Brent Hogenson who wrote (59351)	1/28/2000 3:39:00 PM
From: ItsAllCyclical	Respond to of 95453

(Somewhat OT) What's the date for the next Fed meeting? I thought it was late Feb, but I keep hearing that Greenspan might raise early Feb.

To: Brent Hogenson who wrote (59351)	1/28/2000 3:47:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

I agree about XTO's debt, but picking up those Arkoma properties at the bottom of the cycle seemed smart to me. Suspect they will reduce the debt substantially this year. Slider, I had a UPR buy order in at 10 3/4. Even I didn't think UPR would drop this fast - it's been falling like a rock since earnings were announced. I am still seeing heavy selling pressure and have thus reduced my offer.

To: Brent Hogenson who wrote (59351)	1/28/2000 4:15:00 PM
From: ChanceIs	Read Replies (1) \| Respond to of 95453

Brent - you are doing M. Simmons a diservice by taking so little from the context. The words surrounding those predictions were total hedges. In fact in the opening paragraphs he touted his record of never having predicted the price of oil. I will say however that I agree with his prediction and am happy that he is calling it that way.