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

To: Winkman777 who wrote (64277)	4/11/2000 1:18:00 PM
From: Tomas	Respond to of 95453

API Crude Oil, Gasoline Supplies Seen Higher: Bloomberg Survey By Stephen Voss New York, April 11 (Bloomberg) -- U.S. crude oil inventories probably rose last week as high import levels outweighed strengthening demand from refiners making gasoline for the summer driving season, analysts said. Inventories of crude oil probably rose between 500,000 barrels and 1.8 million barrels from 294.13 million, the average high and low estimates of seven analysts surveyed by Bloomberg News. Gasoline supplies also were seen higher. The American Petroleum Institute is scheduled to release its inventory and production report for the week ended April 7 after the close of oil futures floor trading today. ``Higher import numbers should allow for some builds in crude (inventories), even with increased refinery operations,' said Tom Blakeslee, an oil trader at Energy Merchant LLC in Bel Air, Maryland. Even if import levels decline from the previous week's eight- month high of 9.55 million barrels a day, they are likely to be high enough to result in an overall inventory gain, said Tom Bentz, an analyst at Paribas Futures Inc. in New York. Refinery utilization probably rose by about 0.8 percentage point from 91.4 percent of normal capacity, the survey showed. Operations increased during the previous four weeks as refiners stepped up making gasoline to meet summer demand from motorists. Analysts at the Department of Energy said in a report last week that they were less concerned about possible shortages of gasoline than they were a month earlier, though retail prices still will be about 25 percent higher than last summer. Gasoline inventories probably rose for a fourth-straight week, gaining between 700,000 and 1.7 million barrels from 202.19 million, the survey showed. All seven analysts expected an increase. Increased refinery output has helped gasoline inventories catch up with year-earlier levels. Supplies as of March 31 were 13.25 million barrels lower than a year earlier, down from a year- on-year deficit of 28.37 million on March 10, API figures showed. Estimates of changes in inventories of distillate fuel, which include heating oil and diesel, ranged, on average, from a drop of 400,000 barrels to a gain of 400,000 from 99.55 million. INDIVIDUAL FIRMS' ESTIMATES (FOR WEEK ENDED APR. 7, 2000) -------------------------------- CHANGE IN STOCKPILES (in millions of barrels) Firm Crude Gasoline Distillates ---- ----- -------- ----------- A.G. Edwards +1.5 to +2.5 unch to +0.5 +1.0 to +1.5 ED&F Man -2.0 to -1.0 +0.7 to +1.7 -1.1 to -0.1 Energy Merchant +2.0 to +3.0 +1.5 to +2.5 unch Fimat USA +0.75 +2.5 +1.5 IFR Pegasus -1.0 to +2.0 unch to +2.0 -1.0 to +1.0 Paribas +1.0 to +2.5 unch to +1.0 -1.0 to unch Refco Inc. +1.0 to +3.0 unch to +2.0 -2.0 to -1.0 AVERAGE LOW-HIGH +0.5 to +1.8 +0.7 to +1.7 -0.4 to +0.4 RANGE -2.0 to +3.0 unch to +2.5 -2.0 to +1.5 Firm CAPACITY UTILIZATION CHANGE (in percentage points) ---- ------------------- A.G. Edwards +0.5 to +1.0 ED&F Man higher Energy Merchant LLC +1.0 to +1.5 Fimat USA +1.0 IFR Pegasus +0.5 Paribas +0.5 Refco Inc. +0.5 to +1.0 AVERAGE LOW-HIGH +0.7 to +0.9 RANGE +0.5 to +1.5 STATISTICS FROM PREVIOUS WEEK'S REPORT (WEEK ENDED MAR. 31, 2000) (in millions of barrels, except utilization) Category Total Total Weekly Yearly 3/31/00 3/24/00 Change Surplus/ (Deficit) -------- -------- ------- ------ -------- Crude Oil 294.13 289.54 r +4.59 (48.02) Total Motor Gasoline 202.19 198.53 +3.65 (13.25) Distillate Fuels 99.55 102.07 -2.52 (28.01) Capacity Utilization () 91.4 90.4 +1.0 (3.4) ( - utilization rate in percent; change in percentage points.) (r - revision)

To: Winkman777 who wrote (64277)	4/11/2000 1:21:00 PM
From: SliderOnTheBlack	Respond to of 95453

Winkman - FLC $35 in Boom 2000-1 & $50-$70 in Boom 2001-3. $35 is a given; and $50-$75 will be seen - "if" we see a mutlti-year Oilpatch Boom cycle which looks realistic - if we do not see a recession Globally. Maybe HOFF hits $8 today boys ? Look at how far HOFF has moved over a 3-4 day period in the past on only 3-400K of volume... the shares from that huge volume day could be coming right back and this could see $9/10 in days.... Bull - thanks on TESOF - will add to my watch/buy list, very interesting... HOFF - the quickest 25% popper/50% on margin play imho. from todays $7