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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 (71209)	8/19/2000 5:10:54 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Thanks Jim and Evo. I expect the spin doctors to come out of the wood work any day though. $32 crude seems to be the siren song, doesn't it? Why just a few minutes ago I went over to the RIG board where some guy was saying Barron's Abelson was saying that there are - get this, grab the digitalis ma! - nearly 1 BILLION barrels of crude "on the water". I wouldn't have mentioned it as it is in no way confirmed - just some guy with a keyboard on the internet. Probably a short. Just an example of some of the kinds of things I think we can expect when oil prices get this high. I expect the spin machine to get cranked up any day now. I don't know if any one will believe it this time though. Now it's "Show me the oil, stupid". <g> Goodness, way too much from my keyboard today. And yes I do recall that excellent post of yours. Thanks

To: jim_p who wrote (71209)	8/19/2000 10:35:09 PM
From: isopatch	Read Replies (2) \| Respond to of 95453

Jim. Speaking of reaping a few rewards. Here are my 4 strongest NG E&Ps (3 are sm caps and the 4th is a small/mid-cap) vs the XNG for the past 10 trading days. The comparison chart ref below takes us back pretty close to the start of this rally. siliconinvestor.com ESNJ has lagged behind the XNG for this short time period due to a poorly presented qtrly report which also, as you pointed out, contains some less than thrilling details<g>. Am expecting next weeks release updating their field operations to be much more bullish. PQUE is the largest of the 5 E&Ps positions and the most recent with a basis of 2 15/32. It closed at $3 yesterday. Like the others it should go much, much higher both intermediate and long term, IMHO. The income segment of the portfolio has acted well this year and seems on track to some good LT gains that will significantly sweeten the very high, mostly tax deferred distributions. This weekend will be doing the usual review of buy and sell candidates to watch and possibly pull the trigger on next week. So far, so good since the recent intermediate low. Best Iso