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

To: Razorbak who wrote (64121)	4/9/2000 7:34:00 PM
From: Frank	Read Replies (3) \| Respond to of 95453

Can someone suggest a good site for heating and cooling degree days? Thanks-- Frank

To: Razorbak who wrote (64121)	4/10/2000 8:34:00 AM
From: Aggie	Read Replies (1) \| Respond to of 95453

Razorback, hello. The dissenting view: In my opinion, the time for these mergers is rapidly passing and may already be gone, as rotation into the sector by the institutional investors picks up. The rising commodity prices have increased the interest in potential acquisitions (on the part of oil companies) because it's a quick way to accumulate established production and realize those revenues. On the other hand, the company to be acquired has shareholders, too, and they are keenly aware that it may not be in their best interests to sell out. Even with a substantial premium on the stock price (10 - 15%, typically), the mid-sized company with fat prospects will accrete value more quickly than those same assets would when held by a mega-integrated-E&P, at least in this part of the cycle. To my way of thinking, acquisitions are most intelligently done when the commodity prices are low and revenues (dividends) are suffering. Regards, Aggie