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: BigBull who wrote (59868)	2/6/2000 10:03:00 PM
From: Big Dog	Respond to of 95453

Thanks for the comments on Offshore Drilling Bits, Bull. (But I actually thought the combination option strategy was the groovy part) You bet...anyone that would like a free trial subscription, just send a note to me at mike@simmons.net -- don't ask for it here as I don't catch all these messages. big

To: BigBull who wrote (59868)	2/7/2000 5:06:00 PM
From: SargeK	Read Replies (3) \| Respond to of 95453

Street Advisor Sees Substantial Increase in Global Exploration Expenditures "Key producers such as Saudi Arabia, Norway, Mexico and Venezuela have said they believe prices higher than $30 would have adverse consequences on global economic growth. We believe these producers are focused on stable prices, not market share, and are targeting oil prices in the $20 to $25 price range. As investors and oil companies gain confidence that OPEC producers can allocate production increases at the March 27 meeting so as to match rising demand for oil, we believe exploration expenditures on a worldwide basis will increase substantially. Shares of these energy companies are likely to appreciate in anticipation of higher profits from this projected exploration boom. We reiterate purchase recommendations for long-term investors on price weakness, as shown in the table below, and recommend short-term investors continue an opportunistic trading strategy." Ticker Price 2/4/00 Target Price Gain % OIL PRODUCERS: Atlantic Richfield ARC 69.00 $84.00 22% Chevron CHV 79.00 $110.00 39% Occidental Petroleum OXY 19.50 $35.00 79% Texaco TX 51.00 $75.00 47% ENERGY SERVICE: BakerHughes BHI 22.38 $35.00 56% CooperCameron CAM 49.75 $75.00 51% Friede Goldman Halter FGH 6.00 $20.00 233% Halliburton HAL 36.63 $55.00 50% Marine Drilling MRL 19.50 $35.00 79% Nabors Industries NBR 30.75 $45.00 46% Rowan Companies RDC 22.75 $35.00 54% Schlumberger SLB 59.63 $75.00 26% streetadvisor.com There appears to be a potential 3 bagger in the above group! >g<