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

To: BigBull who wrote (64825)	4/17/2000 7:29:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

"Q" - re: playing E&P's and the "gas story" going forward... I think that the "names" like EOG NBL BR - have much of the positive expectations allready priced in here. There are anomalies still out there - BSNX a NG pureplay at 1/2 its price when we had $2.50 Gas is one. I also like the balanced, but leveraged players like PXD here - who has some interesting drillbit upside as well. The land drillers remain a great play on the NG story; look at how the cap ex spending breaks out over Q2-3-4 here going forward - drilling IS going to ramp here ! Also, the small cap E&P's - particularly unhedged ones will really get some windfall cash to do some balance sheet repair. RRC - even though hedged heavy here; remains the bottomfeeder play imho - MEXP as part of a basket as well sub $1 today along with RRC's selloff was ENTIRELLY due to individual investor's selling available CASH positions to meet margin calls - period. I bought a lot of RRC and a little MEXP for that very reason. TMR on weakness is interesting etc. Sub $1 MEXP is an "option" on $6 MEXP surviving - look at it that way & own "some." Also, watch the next couple of days for Oilpatch names to shake out on margin calls - FGH leads the pack of weak-handed margin call candidates and this was much of its problem today - remember, it rallied against the OSX decline of late - much of todays weakness was all margin selling related...as were many small caps & non-marginable sub $5 stocks. - I'd watch for bargains in the small caps as margin calls get paid here this week. One non-energy stock that is a must own here is WCOM - the more I read on this one this weekend, the more I like it - a great, great superb risk vs. reward play on the telecom/tech revolution - own it and hold it.