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

To: Winkman777 who wrote (61829)	3/8/2000 7:43:00 PM
From: Tomas	Respond to of 95453

Pegasus' Evans on Iran, Saudi Oil Supply Statement: Comment By Josh P. Hamilton New York, March 8 (Bloomberg) -- Comment by Tim Evans, senior energy analyst at Pegasus Econometric Group in New York on statement by Saudi Arabia and Iran that they would ensure ``adequate and timely oil supplies.' ``This statement may represent some softening, but it may just represent diplomatic language. We won't really know until they tell us something more. ``Clearly the market is going to react to the perception of the prospects for raising output. The problem with reading too much into it is stability has for months been presented as desirable. But we don't know if there's consensus on what the price should be. ``Does timely mean April 1? July 1? Oct. 1? Clearly they weren't able to agree on timing. ... Do I count on this leading to a 1.7 million barrel increase as of April 1? No. That's reading way to much into it.

To: Winkman777 who wrote (61829)	3/8/2000 8:04:00 PM
From: Roebear	Respond to of 95453

Winkman, Don't know how much stock to put in these, but here are some imbalances: UPR held up real well today and going into the close, from reports of preclosing imbalances NYSE UPR 58400 SHARES IN EXCESS ON BUY SIDE UPR 56400 SHARES IN EXCESS ON BUY SIDE UPR 58400 SHARES IN EXCESS ON BUY SIDE NE had some interest also NE 112200 SHARES IN EXCESS ON BUY SIDE BR did also but this was reported three times, one as a sale: BR 51800 SHARES IN EXCESS ON BUY SIDE RIG also: RIG 86900 SHARES IN EXCESS ON BUY SIDE HRC, but then again, they trade a lot of stock: HRC 116700 SHARES IN EXCESS ON SELL SIDE Best of luck, Roebear