SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: hdrjr who wrote (63547)3/31/2000 11:14:00 AM
From: Think4Yourself  Read Replies (1) | Respond to of 95453
 
XTO 10K out and it's VERY good! They jettisoned their "investment" mistake. The only stumbling block now is debt, and I am betting they take care of that as well.

10kwizard.ragingbull.com

Selected highlights:

Most of the Company's production is sold at current market prices.

...

In February 2000, the Board of Directors authorized the repurchase of 2.5 million shares of Company's common stock, or approximately 5% of the shares outstanding. These shares will be purchased from time to time in open market or negotiated transactions. Through March 27, 2000, 1.3 million shares have been purchased at a cost of $15 million.

...

During the first quarter of 2000, the Company sold most of this investment for proceeds of $41.1 million, resulting in a gain of $14.4 million, of which $17.1 million was a decrease in unrealized loss. Equity securities held at March 24, 2000 had a value of $1.7 million and are owned by the Company's 50% owned subsidiary, Whitewine Holding Company, which may sell the securities at any time.



To: hdrjr who wrote (63547)3/31/2000 11:16:00 AM
From: The Ox  Respond to of 95453
 
OT

Greenpeace Activists Occupy Oil Rig

.c The Associated Press

LONDON (AP) - Four Greenpeace activists today took over an oil rig anchored off northern Scotland to protest oil drilling in the Atlantic Ocean, authorities said.

The protesters boarded the Sovereign Explorer, which was waiting out the winter in Cromarty Firth near Inverness. The rig was due to begin oil exploration west of the Outer Hebrides islands under a government license to Marathon Oil.

Police said they arrested 30 people on land and were questioning them.

Greenpeace activists boarded another rig in the same area last weekend. That occupation ended when Sovereign Oil, which had chartered the rig, secured a court order against the activists. The protesters abandoned the rig, but fled before police could arrest them.

Greenpeace claims the world has more fossil fuel than can be burned without damaging the climate and says money used to search for more oil would be better spent developing alternative energy supplies, such as solar power.

The group also maintains that oil exploration endangers the natural habitat, putting sea life and coral reefs at risk.

``The U.K. government must face up to this issue,' said Rob Gueterbrock, the group's climate and energy spokesman. ``Will it invest in a massive expansion of the renewable energy industry which will protect the environment and create thousands of jobs, or go ahead with oil exploration condemning us all to more dangerous climate change and wrecking the marine environment?'

Marathon Oil condemned the activists, calling the rig occupation ``a pretty mean blow.'

AP-NY-03-31-00 0614EST



To: hdrjr who wrote (63547)3/31/2000 11:32:00 AM
From: BigBull  Read Replies (2) | Respond to of 95453
 
hdrjr, you raised a good question about how far investors can expect the OSX to go from here. My OSX 120 target has been hit. It was based on technicals and easily derived. Question is, does it have any steam left? This weekend, I'm going to pour over the charts of individual stocks and see if I can come up with some conclusions that satisfy me.

It seems to me that the scenario of buy OS stocks that have only US exposure and exposure only to land servicing, has been pretty well raked over. Time to start going into international and deepwater issue? I think so, and have started to make my moves. PGO was the biggie. DO may be another.

The one exception to this is KEG. To make this short and sweet - the KEG chart looks like a carbon copy of LSS before it broke out. Still like NSS to 40, too.