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

To: SliderOnTheBlack who wrote (60321)	2/15/2000 12:05:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

Flipping a bit of margined BSNX & FST on the pop for laggard PXD - (PapayaKing ???) Pappy: you back in here 7 3/4's ! and this: Pioneer Natural Resources Announces Second Deepwater Gulf of Mexico Discovery biz.yahoo.com <<2000 will represent Pioneer's most active year for high-impact exploratory drilling since its inception. During the year, in addition to appraisal wells on these two deepwater discoveries, Pioneer plans to drill four to six Gulf Basin prospects. In South Africa, the Company plans an appraisal well on its Sable oil discovery and two wells to test two other oil prospects>> PXD is one of THE values based on reserves - and their offshore drillbit exposure is superb - a buy here ! - remember this as well ? <<Wednesday January 26, 9:00 am Eastern Time Company Press Release Pioneer Replaces 178% of Production at $2.21 per Barrel Oil Equivalent in 1999 DALLAS--(BUSINESS WIRE)--Jan. 26, 2000--Pioneer Natural Resources Company (``Pioneer') (NYSE:PXD - news; TSE:PXD - news) announced that as of December 31, 1999, its total proved oil and gas reserves were 605 million barrels oil equivalent (MMBOE) including 293 million barrels (MMBLS) of crude oil and natural gas liquids and 1,876 billion cubic feet (BCF) of natural gas. Discounted future net cash flow (present value at 10%) was $2.9 billion at year end. In 1999, the Company added 91 MMBOE of proved reserves and, as part of its financial strategy to reduce debt and streamline its overall cost structure, sold 111 MMBOE of oil and gas reserves. Proved developed reserves account for 81% of total proved reserves. >> *** they are nearly 50% Crude Oil as well for those who like Oil vs. Gas,or more balanced exposure. Imho - this is the ticket ~ SELL A POPPER - FIND A LAGGARD - SELL A POP - BUY A LAGGARD - THEN RIDE THE POST OPEC ANNOUNCEMENT 4-6 week; 30-50% RUN UP WAVE TO BOOM 2000 ~