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

To: Think4Yourself who wrote (60876)	2/24/2000 4:25:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

"Q" - good linked post - that is right on the money imho Energy funds and small cap value funds - are getting redemptions...PXD was a "known" victim to a fund having to liquify. I got EOG in the $13's - just a couple of tic's but sub $14 EOG... ? BR here ? UPR PXD - riskier , but with these commodity prices - hell UPR has $300 M discretionary free cash flow at $2.40 gas & $20 Oil this year to either pay down more debt, or increase cap ex, or to acquire with... APA - $33 today ? they way they've performed ? BR - at $27ish ? UCL a glaring takeout candidate - has 50% + to just it's normal trading range... unbeeeeeeeeeeleeeeeeevable prices here. IMHO folks; given fundamentals of earnings, cash flow, the debt reductions/delevering that has been done in E&P land - and with these commodity prices: *THIS* is the single best buying opp seen in this entire cycle. Sure $5 XTO was cheaper, so was $8 UPR - but that was with $1.80 gas and $12 Oil and no known bottom in site ? - hell, we are just tics away from those prices in this environment ?!?!? .... I don't even know what words to use to describe my take on these prices ? I can't wait for the open tomorrow to do some buying - I pray we see more weakness in the XOI and these top tier E&P's These stocks are the purer play on commodity prices, have stronger earnings fundamentals and if you think $2.50 Gas & $25+ Crude sticks for 2000 - the E&P's are THE play. Barrons article on the oilpatch was just the start, today we saw upgrades... post the OPEC announcement - OILPATCH is all we will see, hear & read... and the upside is in these E&P leaders... as enticing as small caps are - these are no-brainers risk-wise...