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

To: Eclectus who wrote (61281)	3/2/2000 1:25:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Margin a mini-major ! "P" - a gift today Pull up a 2 & 5 year chart - access the analyst reports and here's brief comment from Paine Webber on their reasoning for the upgrade: =============================== Friday February 18, 3:10 pm Eastern Time RESEARCH ALERT - Phillips Petroleum upgraded NEW YORK, Feb 18 (Reuters) - PaineWebber said Friday analyst Frank Knuettel upgraded Phillips Petroleum Co. (NYSE:P - news) to buy from attractive. -- Said ``due to a more compelling valuation following the decline in the share price in recent weeks. No earnings, cash flow or changes in our production estimates and our target is $50 per share.' -- After topping 57 last September, Phillips' shares drifted downward -- except for an early November rally -- until Monday, when they slipped briefly below 37. On Friday the shares opened at 40-1/2, but by mid-afternoon they were down one to 38-1/2 on composite volume of 780,0000. -- ``The market is concerned that Phillips will spend (the $2.0 billion expected from partial monetization of its gas and gas liquids business) on a poorly-timed acquisition, hence, the company is not being given credit for its improved financials,' the analyst explained. "We think the company will not dissipate the funds on a poor acquisition and will, if no good acquisition comes along, direct the added liquidity to share repurchases. -- ``We think there will be a positive surprise within two weeks when we think the company will provide an update to its drilling efforts in the Bohai Basin offshore China; we would not be surprised if the new estimate for reserves uncovered is almost two times the 400 million barrels already announced earlier.' ========================================= Very safe marginable play here - very safe & has 50% upside - or, a margined double. I ask you; do you want to hold OSX mo-mo fav's on "margin" (we're talking MARGIN here) , or something like this ? Play the valuation divergence gap on the mini-majors ! It is THE play here in the Oilpatch - bank on it. Also, Jim P - getting any TSO here - bottomish & a cheap hedge against anything stupid OPEC does and with $2 gas - they'll print money ,,,, looks like a run to $13 again is warranted and look at the prior breakouts to $18ish... NEVER - have I seen so many damn opportunities - NEVER ! This is an active trader's dream - nirvanna ! Hit & run ; sell-take profits & rotate ! "Q" you are forgiven (VBG) - seemed a bit cattish, but whatever... SargeK - you aren't. dmcoach - glad you hung onto that OEI now ? - can you believe all the naysayers on this back at sub $7 ? I only hold it in my Long term account, I love their exploration portfolio - loved SGO... OEI is one to put in the drawer and check on near the end of BOOM 2001... Got RRC ? I remain; $lider~