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

To: Ditchdigger who wrote (61616)	3/7/2000 9:17:00 AM
From: Think4Yourself	Respond to of 95453

Yes, those are "B"'s, as in BILLION cubic feet PER DAY. RESEARCH ALERT-Noble, Burlington Resources raised NEW YORK, March 7 (Reuters) - Warburg Dillon Read said on Tuesday it had raised its ratings on independent oil and gas production and exploration firms Burlington Resources Inc. (NYSE:BR - news) and Noble Affiliates Inc. (NYSE:NBL - news) to strong buy from hold. -- said that following years of underperformance relative to its peers and the S&P 500, it now believes Burlington Resources has hit rock bottom and is poised for a meaningful rebound. -- said Noble Affiliates has spent the last 18 months putting its house in order. -- said ``while (Burlington) continues to wrestle with where it will find new sources of growth, its huge exposure to North American gas...and our bullish outlook for pricing should dominate the stock's future performance.' -- said Burlington is currently selling at a lifetime low. ``While we do not expect (Burlington) to return to its historical premium valuations, we do believe it will go to the group's historic average...' -- said Burlington remains the top North American natural gas play, producing 1.5 BCF/day (billion cubic feet per day) in the U.S. and 0.5 BCF/day in Canada. -- said the outlook for Noble Affiliates, for the first time in two years, is improving. -- said Noble Affiliates' balance sheet is in much better shape and production looks set to rebound in the second quarter. -- said ``with reduced capital spending in 1999 and off-balance-sheet financing of the Equatorial Guinea methanol plant, NBL's balance sheet improved from 54 percent debt/total capitalization at year-end 1998 to 39 percent at year-end 1999.' -- said NBL was also diversifying its production base, with initial production possible over the next two years from Equatorial Guinea, Ecuador, China and Israel. -- Shares in Noble Affiliates closed at 25-8/16 on Monday on the New York Stock Exchange. Shares in Burlington closed at 28-3/16.

To: Ditchdigger who wrote (61616)	3/7/2000 9:17:00 AM
From: jim_p	Read Replies (1) \| Respond to of 95453

Does anyone feel like the internuts may soon try to storm the castle carrying torches over to the Strictly Drilling and Oil-field Services site if we buy any more oil stocks? VGB Jim

To: Ditchdigger who wrote (61616)	3/7/2000 9:21:00 AM
From: DYW	Read Replies (3) \| Respond to of 95453

This is not to say that I don't think the whole PALM situation was nuts, but I don't think it's failure can be looked at as a "beginning of the end" for the tech mania. Simply put, PALM investors ad an impediment that other momentum stocks don't have - namely being tied in valuation to a real company - COMS. It's this fact more than anything else that stopped it from running to totally ludicrous valuation. So I don't think you can assume that any other new hot stock of the week will have any problems building their big bubbles, just because PALM failed to do so. Obviously most of these stocks crash and burn just as badly eventually, it's just usually a little bit later down the road, and therefore less of an effect on over-all trader confidence.