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

To: SliderOnTheBlack who wrote (59930)	2/8/2000 1:59:00 PM
From: ItsAllCyclical	Respond to of 95453

EOG share buyback... Tuesday February 8, 1:03 pm Eastern Time Company Press Release SOURCE: EOG Resources, Inc. EOG Resources, Inc. Announces Increase in Share Repurchase Authorization And Normal Dividend Declaration HOUSTON, Feb. 8 /PRNewswire/ -- The Board of Directors of EOG Resources, Inc. (NYSE: EOG - news) today adopted a resolution authorizing the company to repurchase up to ten million shares replacing the previous authorization that had approximately four million shares remaining. The Board has encouraged the company to repurchase shares at the current stock price. ----------------------------- First NBL, then EOG. These share buybacks (if executed) help to put a floor in at the very least. I believe EOG reports tomorrow. I bought EOG and BR trading positions today based upon technicals and the hopes that the API/DOE/AGA #'s may give us a 5-10% pop.

To: SliderOnTheBlack who wrote (59930)	2/8/2000 2:50:00 PM
From: Winkman777	Read Replies (1) \| Respond to of 95453

>>Chevron at analyst meeting pops the Oil bubble - says $18 crude is coming<< The think the Shell CEO said essentially the same thing about a couple months ago. This is the conservative way for them to play the game. In the meantime APA and the like will continue to expand. There may indeed be better buying opportunities before the March OPEC meeting. BUT IMHO OPEC wants to and will be able to keep WTI crude at $25 (average or maybe minimum). The majors holding off on a large increase in drilling will help OPEC. I nibbled on FLC today, but am otherwise holding. Have a lot of margin left. Good luck and take care all. Winkman

To: SliderOnTheBlack who wrote (59930)	2/8/2000 3:26:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Oy Vey! And O'Reilly is from Dublin, no less! Sounds like some Eammon De Valera doublespeak to this Mick. <vbg> dailynews.yahoo.com If I recall, CHV's capex is to be "down" 16% this year. But only because certain very large purchases of property are not to be repeated. In fact, their E&P expenditures are to be up, with some fairly large deep water projects underway. Now, just what do the Irish know about oil prices anyway?! <g> To quote another famous Irishman, Ronald Reagan, "I think he must have been drinking something" <VBG> Well, at least we can take comfort in the fact that Moody-Stuart is now an Oil Bull - he's predicting $20 oil - up from 15, don't ya know. Just wee bit behind the curve, I'd say. You will, of course, pardon me, while I take the unsustainable comments with a grain of salt, as O'Reilly gave no "tangible" reasons for his remarks. They seemed somewhat flippant to me, aimed more at justifying the recent chemical JV with P, and his companies lack of foresight wrt capex. But you never know, that's why I've shifted into pipe. Damn, if the Arabs open the spigots, won't they need pipe? Got any steel mills in Bahrain? BWTFDIK, I'm just a poor dumb mick whose drunk wayyy to much Jameison's, in his day. OSX 40 here we come.