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

To: Think4Yourself who wrote (63564)	3/31/2000 1:26:00 PM
From: Terry D	Respond to of 95453

Several corporate insiders from SII and CAM filed to sell a decent chunk of shares - that's all. I've traded SII and PHCM round trip a couple of times this week - who'd thunk those two names would have similar betas?

To: Think4Yourself who wrote (63564)	3/31/2000 1:38:00 PM
From: Think4Yourself	Respond to of 95453

3/31 12:47 Exxon Mobil, Shell Oil, Burlington Sued by U.S. Over Royalties By Seena Simon Exxon Mobil, Shell Oil, Burlington Sued by U.S. Over Royalties Washington, March 31 (Bloomberg) -- Exxon Mobil Corp., Shell Oil Co. and Burlington Resources Inc. are being accused in a lawsuit the U.S. Justice Department has joined of underpaying tens of millions of dollars in royalties for natural gas extracted from public and American Indian lands. The Justice Department intervened in whistleblower lawsuits filed by private citizens against the companies in federal court in Lufkin, Texas in 1998 and 1999. Under federal mineral leases, the government gives private companies the right to extract gas from the land in exchange for royalties. In similar cases involving oil drilling, Chevron Corp., BP Amoco Plc, Conoco Inc., Texaco Inc. and five other oil companies have agreed to pay $223 million to settle U.S. claims they undervalued oil pumped from Indian and government land, lawyers and company officials said in December. Those cases also arose from whistleblower suits alleging that 18 companies underpaid hundreds of millions of dollars in royalties on oil pumped from 27 million acres of government and tribal land, attorneys said. The oil and natural gas cases were filed under a Civil War- era whistleblower law that allows individuals to sue a company on behalf of the government when they have allegations of fraud. If the government intervenes, the U.S. Justice prosecutes the case and the whistleblower gets a share of any money the government gets. If the government does not intervene, the individual can press the case alone. Such ``bounty hunter' cases have been used against defense contractors and health care companies that contract with the government. Exxon shares rose 7/8 to 79 1/2 and Burlington Resources shares fell 1 1/8 to 37 7/8 in early afternoon trading.