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

To: Tomas who wrote (72438)	9/6/2000 2:17:40 PM
From: chowder	Read Replies (1) \| Respond to of 95453

AGA Injection out +42BCF. Katy bar the door. dabum Edit: Courtesy of Supplyside at RIG board on Yahoo!http://messages.yahoo.com/bbs?.mm=FN&action=m&board=7084345&tid=rig&sid=7084345&mid=16310

To: Tomas who wrote (72438)	9/6/2000 2:20:04 PM
From: Ken Robbins	Respond to of 95453

Devon Energy (DVN) high bidder on 14 Offshore Blocks: biz.yahoo.com

To: Tomas who wrote (72438)	9/6/2000 2:26:02 PM
From: Tommaso	Read Replies (1) \| Respond to of 95453

Here is a possibly chilling thought in the midst of a hot natural gas rally, found in the HGT annual report: " The interstate transportation and sale for resale of natural gas is subject to federal regulation, including transportation rates charged, storage tariffs and various other matters, by the Federal Energy Regulatory Commission. Federal price controls on wellhead sales of domestic natural gas terminated on January 1, 1993. While natural gas prices are currently unregulated, Congress historically has been active in the area of natural gas regulation. It is impossible to predict whether new legislation to regulate natural gas might be proposed, what proposals, if any, might actually be enacted, and what effect, if any, such proposals might have on the operations of the underlying properties." How likely is the govenrment to regulate? Will free market people speak up and point out that this would stifle exploration?

To: Tomas who wrote (72438)	9/6/2000 2:45:50 PM
From: ItsAllCyclical	Respond to of 95453

It's going to be very difficult not to make new highs here shortly... Crude making new highs. XOI near a break out. OSX breaking out. OPEC seen as acting too little, too late. Tankers supply seen as possible problem. This is crazy I didn't think this kind of rally was possible prior to the OPEC meeting, but that's what the tape is telling me. Since it takes the tankers at least 6 weeks I don't think OPEC can prevent $35+ crude near term. About the ONLY thing that can happen imho is that we get API builds of 4-5 mil for the next 3-4 weeks. Either way it'll take a few weeks to confirm that oil is on the way. Plenty of time to reduce holdings again. I hate being this bullish and I hate having everything be so rosy, but it's the most probable situation.