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

To: Frank who wrote (62825)	3/24/2000 10:26:00 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Interesting action today. Many EnP's, who will directly benefit from OPEC meeting, are selling off. At the same time drillers are setting 52 week highs despite the supply of cold stacked rigs and a shortage of workers. Wonder how many more MRL type blowouts we will have this summer due to unskilled workers running rigs that were idle for over a year?

To: Frank who wrote (62825)	3/24/2000 10:37:00 AM
From: Tomas	Read Replies (1) \| Respond to of 95453

More Increases in Oil Prices to Come: An Outlook From Mark Baskir, Portfolio Manager of the Strong Limited Resources Fund MENOMONEE FALLS, Wis., March 24 /PRNewswire/ -- The sharp rise in gas and oil prices is not likely to end anytime soon, according to Mark Baskir, Portfolio Manager of the Strong Limited Resources Fund. Mr. Baskir predicts we will be living with higher-than-normal oil prices of $25 per barrel, rather than the historical $20 per barrel price. ``The world is running out of excess capacity to produce more oil,' says Mr. Baskir. Currently, global oil consumption is running at about 77 million barrels per day. According to Mr. Baskir, OPEC will increase production by 3 million barrels per day by the end of the year to meet demand. Mr. Baskir points out, however, that when that happens, all that will remain for excess production is 1 million barrels per day-most of it in Saudi Arabia. ``World oil production is merely holding even, while the demand for oil increases by 1 million barrels daily each year,' says Mr. Baskir. He anticipates oil prices will stay high for quite sometime, similar to the 1973-1985 time period. The upside of all of this, according to Mr. Baskir, is very attractive prospects for energy stocks. ``In the 30 years I've been investing in energy, I've never seen these stocks so incredibly undervalued,' he says. ``Right now, you can't find a better buy.' To schedule an interview with Mr. Baskir, please call Strong Investments Media Relations at 800-368-9710. Strong Capital Management, Inc., is an independently owned investment advisor serving individuals, retirement plans, financial advisors, institutions, foundations and Strong Investments. Founded in 1974, the firm manages over $40 billion. For more complete information, including management fees and expenses, please call 800-368-1030 for a free prospectus or download one at estrong.com . Please read it carefully before you invest or send money. Mark A. Baskir Mark Baskir, a Chartered Financial Analyst with more than 30 years of investment experience, joined the Scarborough Investment Advisors, LLC (subadvisor to the Strong Limited Resources Fund) in February 1997. Prior to joining Scarborough, he was an investment adviser at Peckland Associates, and from 1970 to 1996, he held various positions at Neuberger & Berman LLC. While at Neuberger & Berman, he specialized in energy stocks as a research analyst (1970-96) and portfolio manager (1983-96) for separate accounts. From 1987-92, he managed or co-managed the Energy Fund (now called the Focus Fund). Mr. Baskir received his B.A. in Political Science from Princeton University in 1964 and a M.B.A. from the Columbia University Graduate School of Business Administration in 1967. biz.yahoo.com