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

To: Second_Titan who wrote (72491)	9/6/2000 7:39:17 PM
From: Second_Titan	Respond to of 95453

MDR Question Question to the board. I am in a position to speculate a bit with MDR for 6-12 months hold. I have 100% of my margin remaining and would like to add heavily to my small MDR position. Really what could the downside be with MDR from here, $7.00? The upside potential seems to be much higher. From the recent action it seems like it is screaming to breakout. Seems the corporate shield protects MDR from B&W and I suppose at this price the worst case scenario is priced into MDR. Comments please? Is this a good speculative play?

To: Second_Titan who wrote (72491)	9/6/2000 8:29:27 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

007, the Simmons report has confirmed a switch I have already started to make. The switch is away from strictly US services towards internationally oriented ones. Simmons chart of intl. rig counts is what done it. The US story is well known now. So, it's time to do a little Slide - O -Rama and get to the next party early. My new mantra: Go Global Go Services Go Global Services. The Race for market share is on. This may even signal the beginning for seismic as newer regions get set for exploration. I mean some of the biggies are even going to drill the Faroes Islands now, for crying out loud.

To: Second_Titan who wrote (72491)	9/6/2000 10:45:14 PM
From: isopatch	Read Replies (2) \| Respond to of 95453

Making maximum LT gains in NG E&Ps. Certainly hope Matt Simmons is right and we get a good increase in NG production. We need it! LT it will help the best NG E&Ps. Here's why: If NG shortages are severe AND prolonged bringing prices too high to cope with, NG could lose important credibility as a reliable fuel source for the future. Increased production will alleviate that. Further, in tandem with O&G prices going very high this winter, interruptions in NG service particularly to key industrial plants could bring on a slowdown in the overall economy. This would end up hurting petroleum prices and patch stocks a lot more than a good increase in NG production per Simmons. All this, in conjunction with the likely public outcry over price spikes or even threats of rationing could make the threat of re-regulation of NG by the FERC or some new gov agency much more likely than it appears to be now. This is another very real risk to our investments. So YES. I hope Matt is right about increased NG production. I'm counting on our NG E&Ps to bring the current scary supply situation into closer balance than is the case now for all the reasons enumerated above. On the plus side of the ledger, we have to look at the NG E&Ps in a new light and essentially divide them into 2 groups: 1. The premium quality explorers and 2. The exploiters who work almost entirely within existing mature fields. The high reserve and production growth sm NG explorers will benefit most once the NG price finally levels off into it's new LT trading range because of high "unit growth". That is exactly why they are already trading a premium CF multiples on JimPs spreadsheet! Exploitation companies skilled at buying and selling existing producing properties will become less and less of a focus for LT investors in the more stable NG price environment in the years ahead. That's why I've been building my portfolio around the best explorers among the sm NG E&Ps throughout this year. And it's certainly NOT too late to begin doing that. Do I know the boundaries of that new NG price range? Hell no, lol. But it is coming and I want to be well positioned in the best NG explorers, before Wall Street and the average investor catch on. Because those will be the new growth stocks for the next phase of this LT bull market in the E&P sector. All this is, of course, JMVVHO. Cheers. Isopatch