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


To: Think4Yourself who wrote (61423)3/3/2000 4:54:00 PM
From: upanddown  Read Replies (1) | Respond to of 95453
 
Didn't see anything on rig counts from BHI so here goes. I guess we only obsess about API's currently, although, IMO, rig counts are much more important.

US count is the best this year and appears to bring the traditional year-end decline to a close. I wouldn't read too much into the CAN decline since it probably has to do with mild weather and impassable roads since a lot of the drilling is in remote areas.

US 790 +30
CAN 485 -60
NA 1275 -30
GOM 116 -2
OIL 181 +25
GAS 609 +5

Still quiet in the water though ODS, which looks at contracted rigs and could be a precursor of the BHI count of working rigs, gives a better picture. I really like the increased activity in the North Sea which has recently been more like the Dead Sea. Maybe the oil honchos in Norway and the U.K. finally noticed $28 Brent.

offshore-data.com

John



To: Think4Yourself who wrote (61423)3/3/2000 5:59:00 PM
From: Tommaso  Read Replies (1) | Respond to of 95453
 
I just got a chain letter that is trying to organize a "gas-out" in April to bring down gasoline prices. The idea is to refrain from buying gas for three days in order to frighten the oil companies into lowering prices.

I guess we could all stop breathing and put in a plug for more pollution control, too.

I may not have the figures right, but it looks to me as if one of my holdings, BPT, Prudhoe Bay Royalty Trust, might possibly pay better than a dollar a share for its next quarterly dividend, or 10% for that quarter alone (based on current share price of $10 and on an average WTI price of $29 or so). I know that's puny compared to making 500% in a day on an IPO, but it looks pretty good to me. And a lot is tax deductible.



To: Think4Yourself who wrote (61423)3/3/2000 6:43:00 PM
From: Roebear  Respond to of 95453
 
JQP,
Guess I'm missing all the fun on Yahoo, with all those UPR shorts. I finally got my shares straightened out at Whouse. There is something to be said for branch offices. So now I have all my UPR shares back and get to keep the last 3/4 or so from the highs in zee banque and keep my cheap shares from today buying with my cheapest shares from before.

As for API numbers and such, I feel it will be just in time, perhaps perfect timing...the NAO, the darn sneak, has gone negative while I was trading away the day. Not by a lot mind you, but it was a quick move and by the weather reports in the appropriate areas it could continue to grow more negative.

I'll know more in a day or two, but colder weather for eastern US looks likely in a week give or take a couple days. BTW, a week ahead the forecasters are still calling for warm weather. They may not get it. As I mentioned before, we may not be done with Ole Man Winter yet, and you may have to trade your bike in for skis one more time.

gggg

Have a great weekend enjoy the warm weather while you have it,

Roebear