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

To: jim_p who wrote (78257)	11/9/2000 9:47:29 AM
From: Douglas V. Fant	Respond to of 95453

Jim, My guess on service companies is that lack or personnel, and not lack of business opportunities will be the only drag on expansion of their revenues and profits... We need a breathtaking number of new wells, workover wells to keep up production moving forward.... On the producer side I think I'd stick with domestic integrateds here and the gas-to-power sector stocks on pullbacks.... One little piece of good news is a guy walked into my office yesterday who has a new fraccing technique that can cut costs down to about $20,000/frac job. Quick and effective too. This should help expand efforts to maintain current field production levels....