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

To: ItsAllCyclical who wrote (71465)8/23/2000 10:52:55 AM
From: Think4Yourself  Read Replies (2) | Respond to of 95453
 
Jim, I don't think the Sept OPEC meeting is a barrier anymore. The lack of new oil from the last increase strongly suggests OPEC is mostly tapped out. Appears that a worldwide drilling boom is right around the corner.



To: ItsAllCyclical who wrote (71465)8/23/2000 11:12:17 AM
From: Wallace Rivers  Respond to of 95453
 
Jim,
One thing to note, according to a friend of mine, in the latest release, is declining reserves. That could have been predicted given all the deals the co. was forced to do.
I still think it is cheap, has good prospects, and is cleaning its house up as best it can. Another + IMHO is, kind of ironically, JVs with ROIL. One would think that what is good for the goose would be good for the gander.
Disclaimer:
Long MEXP and ROIL.


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