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

To: Big Dog who wrote (78711)	11/12/2000 3:33:29 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

Lots of heat around here. Not much light. No matter who wins, the real winner will still be in doubt. The "winner" will face serious problems with legitimacy and credibility besides the obvious gridlock. The "loser" will look magnanimous and keep his options open for 2004. The likelihood of a recession or serious slowdown after an economic expansion of record length is quite high. Doesn't this economy have an exhausted look about it? If the midterm elections are preceded by a stagnant economy, who gets the blame but the guy in the Oval Office? Eight straight Republican administrations in the last 70 years have had to deal with significant economic problems at the mid-term point. I wouldn't be surprised if some bigwigs of both parties (like Gebhardt and Lott) don't secretly hope their guy loses. "Be careful what you wish for..... you might get it." I voted for Gore and want Bush to get it. Why? So we can get a post-election rally in the patch and I can bail out and hunker down. Cynical? Absolutely. I try not to get too excited about this pol or that pol. Its all bidness. John

To: Big Dog who wrote (78711)	11/12/2000 6:35:58 PM
From: Razorbak	Read Replies (2) \| Respond to of 95453

2001 - The Crisis, Ramifications Big: If I were running a major oil company right now, and I agreed with your perspective, I would be in the market to acquire one of the major drillers just to ensure access to rigs when the crisis arrives. I know this goes against the recent trend of de-coupling the vertically integrated conglomerates, but I think the time is ripe for some more progressive thinking in light of the tightening fundamentals and the positive outlook for the industry over the next few years. So here's my prediction: One of the supermajors (e.g., ExxonMobil, BP Amoco, Chevron Texaco) will acquire one of the major drilling companies (e.g., Pride International, Noble Drilling, Marine Drilling, Diamond Offshore, Transocean Sedco) sometime in the next 12 months. Razor