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

To: Meridian who wrote (76557)	10/17/2000 6:23:31 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 95453

BR's an example of a co which will not have as much to gain from flush production as a small driller with superflush wells. Does this jive with your experience?

To: Meridian who wrote (76557)	10/17/2000 7:35:13 PM
From: jim_p	Respond to of 95453

Meridian, I didn't say it was time to exit. I said I expect to have NG price spikes this winter. I wouldn't be surprised to see NG spike as high as $10.00 per Mcf at the NYC gates this winter. I also think there will be a great time to exit sometime this winter. The oil cycle could last a few more years if we don't have a world recession, but I'm beginning to believe the chances of not having a world recession are less than 50-50. My plans are to be out of the market in early winter. If the economy doesn't go into a recession, I can always get back in before we have a true oil crisis. Jim