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

To: SliderOnTheBlack who wrote (61205)	3/1/2000 7:09:00 PM
From: upanddown	Read Replies (2) \| Respond to of 95453

AGA withdrawal a little below expectations but NG still up a few cents in the aftermarket. Anybody expect some retracement of these gains? I'am looking for news by the end of the week that will be designed to cool down energy markets, whether it is SPR or OPEC or whatever. I was doing lots of selling at the close today. I expect some new buying opps in the next couple of days. JMO. John After the markets closed Wednesday, the American Gas Association reported a 74 billion- cubic-foot decline in last week's U.S. supplies, smaller than the expected 90 billion- to 100 billion- cubic-foot fall the market was looking for, according to a Bridge News survey.

To: SliderOnTheBlack who wrote (61205)	3/1/2000 10:13:00 PM
From: Frank	Respond to of 95453

Slider-laggards beside HOFF seem to be TCMS and MDR in construction--TCMS seems very cheap compared to our old fav GLBL. And I cant believe the asbestos issue justifies MDR at 9 going forward--any thoughts?. Also, sure hope that valuation gap between service and E+P closes. I am 85% E+P -15% cash. I sold SLB,WFT to buy EOG,NBL,CRK,FST, XTO etc-didn't look real smart today.But I am a NG believer --Frank

To: SliderOnTheBlack who wrote (61205)	3/1/2000 10:22:00 PM
From: Roebear	Respond to of 95453

Slider, In your never ending search for oil and NG laggards, take a quick look at one abused pooch with a great balance sheet. Its major problems have been, to be blunt, very little current business and a new product (4D) that seems a bit ahead of its time (pun pun) in the recent seismic climate. Talking about IO, which still has a substantial amount of cash per share and is selling well below book. I thought I sniffed some opportune buying going on with IO this afternoon by someone careful not to disturb the price. With the prerequisite tick down at the end of the day, similar to the price action of UPR last few days, sans UPR's larger daily volume of course. Last year late spring there were buyout rumors on this stock in Business Week that turned out to be obviously premature, given the seismic industry environment the last year. Now one would think that eventually someone in the US Gibberment would get the idea to boost domestic production. Perhaps in light of the possibilities, some fine suitor may be tempted to make IO righteous again? Or am I just suffering from the strain of looking for laggards today in the energy sector? Best Regards, Roebear