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To: Think4Yourself who wrote (64783)	4/17/2000 2:03:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Saudi Sees Oil Price in OPEC Range for Rest of Year DUBAI, April 17 (Reuters) - OPEC giant Saudi Arabia believes that oil prices will stay in the OPEC price range of $22-$28 for the rest of this year and that the group would act swiftly to tackle any unexpected price moves, a Gulf source said on Monday. "The expectation is that prices will stay within the range for the rest of the year because the market is well balanced," said the source familiar with policy in Saudi Arabia, the world's biggest oil producer. Saudi Arabia believes the price would stay near $25, at the higher end of OPEC's price band. "It will be hovering around $25," said the Gulf source, who declined to be named. "In case there is an unexpected event (price shift) OPEC will take immediate, necessary action," he said. The source added that Saudi Arabia believes it would be impossible for oil prices to fall to $15. "To talk about $15 is like talking about $100 (a barrel). This is impossible," he said.

To: Think4Yourself who wrote (64783)	4/17/2000 2:12:00 PM
From: Aggie	Read Replies (2) \| Respond to of 95453

JQ, hello Regards KEG - Is the sanguine earnings expectation because of the instruments they have put in place to pay down the debt? I had understood that KEG was having a very busy year so far, so how come the low expectations? FWIW, I'm into KEG for some time, at 5 and change. Considering adding some more. Regards to all, Aggie Hey Sarge - How come you got scooped by Khalil on FGH news? Not content-related, I hope.

To: Think4Yourself who wrote (64783)	4/17/2000 2:44:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

"Q" - E&P earnings DO NOT matter - re: OEI today... I still say one should have sold E&P's on the commodity price spike and on the post OPEC meeting rally. OSX stocks can, will and have run directly against the grain of retracing commodity prices and falling E&P shareprices; that is exactly what I see here. E&P's - peaked up 20-30% during the same time OSX stocks retraced 14-30%; I just flip - flopped; sold E&P & bought OSX.. we shall see what works. Actually; valuationwise; for E&P's I'd play the larger names like TX UCL here - or KMG as a nice sleeper. I'd bet the OSX outperforms the XNG from here by a wide margin over the next 3-6 weeks fwiw... and I'd bet heavy that KEG outperforms MRO by a WIDE measure for a short term trade here - a no-brainer imho fwiw (VBG) ~ KEG runs $8-$10 standing on its head, to $12 is a retrace for a near 50% play etc. I dont see MRO running to $32 - 36 in that same timeframe ? - I'll be the best "steak dinner " in town at our Rig Party on this one "Q" - are you a taker ?