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

To: chowder who wrote (71503)	8/23/2000 3:06:24 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

Garzarelli still likes energy as one of the best sectors in the S&P out of 70 sectors. (I still hate her. She's living off of one lucky guess that she made in '87. I have yet to see anything come remotely close to her '87 prediction yet the media still treats her like a guru.) cbs.marketwatch.com

To: chowder who wrote (71503)	8/23/2000 3:06:42 PM
From: jim_p	Read Replies (2) \| Respond to of 95453

Can anyone spell "ENERGY CRISIS" Jim

To: chowder who wrote (71503)	8/23/2000 4:02:24 PM
From: Evolution	Respond to of 95453

Abstracts from KEG - Francis John's interviews (approximate as I typed on the fly): ...tremendous demand for gas.. new generators, etc... ...it appears it will be between 3 and 5 years before we can drill enough gas wells to supply capacity for these new generators......Asia is back, World economy is healthy again... ...OPEC understood back in 99 that if their cuts are too dramatic in the cuts they make that will have tremendous negative impact on their social infrastructures... so likely to keep oil in the band of $22 to $28 in foreseeable future. ...if oil goes to $22 or even $20/bbl, and gas were to go down to $2.50 Key will do exceptionally well ...Argentina at 100% utilization, prices going up... Canada very small operation right now, we have 3 service rigs and 3 drilling rigs, wonderful place to expand... we have about 350 additional rigs in the US that we could move to these markets without doing acquisitions...... ... Company turned profitable in the month of May and has been profitable since then... we expect that trend to further improve... We have been significantly cash flow positive since October 99. ...During downturn investor did not understand potential that Key has... ...Key long-term outlook is exceptional... ...Cash flow in going to be tremendous... ...Key is significantly undervalued [compared to land and offshore drillers], lot of room to for stock to move up... If you look at analyst estimates out there, Key is probably one of the few investment in the OS industry where you could get a double or triple on...whereas most of other companies have already run up and you're looking at a 10 or 20% appreciation... ...we reduced debt by 300M$ in last 15 months... ...we reduced the company fixed charges in excess of 40M$... ...we have the excess capacity, can bring it at higher prices... -------------------- Cheers, e.