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

To: Aggie who wrote (64936)	4/19/2000 8:50:00 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

OPEC pumped 1.382 mmbpd over old quotas in March. Since new quotas are 1.45 mmbpd higher than old quotas (+ Iraq's increase), the bulk of the new quotas are essentially in yesterday's API report. Also interesting was that February production was revised down. Seems everyone everywhere is overestimating supply :o) slb.com

To: Aggie who wrote (64936)	4/19/2000 9:14:00 AM
From: jim_p	Respond to of 95453

I agree it will probably be dead money for awhile, but I feel the upside is worth the wait. I bought a large position below $8.00 on the blow off and sold half between $9.00 and $10.00. Sub $8.00 I feel it's worth adding back more. Added another 2,000 shares this week, may add more. Jim

To: Aggie who wrote (64936)	4/19/2000 12:45:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

Did you catch the story about BPA's ambitious deepwater strategy? Hi Aggie No, I didn't see that story. Do you have a link to it? One of the frustrating things about this sector is the lack of public information about contract awards. I rarely see stories about marine construction contracts for any of the players. Months ago, I saw a copied item from Hart's Oil Daily (name?) stating that MDR had won Chevron's "Typhoon" in competition with HAL but never any subsequent PR from the outfits involved. Are these awards only found in trade publications or are some companies PR-oriented while others are tight-lipped? It can be tough for an industry outsider to understand business conditions with so little information available. John