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

To: Roebear who wrote (69375)	7/10/2000 2:10:46 PM
From: The Ox	Respond to of 95453

It sure looks like some fund(s) or someone wants out regardless of the price. KEG is a late cycle play in my book. Rising rig counts will continue to help this company. I wonder if they've stumbled a bit this quarter, that could explain the drop. If they have, I bet those folks who jumped on the recent offering of $100 million worth of shares at 9 5/8s will be pretty upset!! The stock's price action reminds me a little of SFY after they sold additional stock for funding. The stock languished for a while and then doubled quickly. Not sure if the analogy is appropriate......