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

To: jim_p who wrote (70931)	8/15/2000 1:35:37 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

jim P - TLM & PPP = BINGO ! ...the two E&P's that I've added here & like the best - excellent drill bit performance of late - huge drillbit upside in the future & STILL!- low fundamental valuation multiples... DVN is also a "ROCK" company - I think if we do have a multi-year BOOM - that they emerge as an Independant top tier player; equal to APC APA... KMG & AOG are two "rock" sleepers as well - it is amazing to see some of these companies doing $10+ per share in cash flow - thats HUGE MONEY ~ AHC - is intersting as a real money machine as well.

To: jim_p who wrote (70931)	8/15/2000 1:43:53 PM
From: Think4Yourself	Respond to of 95453

Odd, your research matches mine exactly. I have all that were in your first list but not in your second. I wanted companies that acquired when acquisition prices were low, rather than drilling. Good management knows when to acquire and when to drill, whereas poor management either doesn't grab the acquisition opportunities or can't. The big players with the top managements are perfect examples (BP-Amoco-Arco, Exxon-Mobil). Only a fool argues with $4.8 billion in profit for one quarter, which is what XOM made last quarter. NOW is the time to expand by the drillbit and that is what the companies that acquired in the prior years are doing.

To: jim_p who wrote (70931)	8/15/2000 1:44:12 PM
From: Telemarker	Respond to of 95453

You guys and gals are great!! This thread has survived some low points and is now better than ever - the best out there, IMO!! Still trying to keep my eyes on the playing field here, rather than the scoreboard. I read both as supporting a reasonably healthy exposure to this sector at this time. Thanks to all of the contributors.

To: jim_p who wrote (70931)	8/15/2000 2:48:31 PM
From: Ronald J. Clark	Respond to of 95453

Jim, PQUE should continue to grow production in the 2nd half of 2000 based on its recent discoveries which have yet to be placed on production. The new discoveries include an offshore GOM find which is scheduled to go online in late 3rd Q or early 4th Q of this year and should materially impact PQUE's production. Ron