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

To: kodiak_bull who wrote (80198)	11/28/2000 11:59:39 AM
From: Kavika	Respond to of 95453

VTS up on; (VTS) 27 1/4 +3 11/16: Dain Rauscher Wessels upgrades to STRONG BUY SPEC from BUY on heels of company's positive Q1 earnings report; onshore contract and multiclient revenues were much stronger than expected, confirming the improving overall trend in the seismic industry; calls VTS its top oilfield technology pick with a $36 price target and dramatically higher upside with the improving sector macro. OPINIONS?

To: kodiak_bull who wrote (80198)	11/28/2000 12:01:42 PM
From: The Ox	Respond to of 95453

I agree. I think there is still time to buy a few OS/E+Ps, but that time is running out. (I haven't read the past 400 posts so if this has been posted already, my apologies) NY Natural Gas: Plunges Amid Milder Forecasts, Profit Taking Nov. 28-MAR-- By Gloria Gonzalez, BridgeNews New York--Nov. 28--NYMEX Dec Henry Hub natural gas futures plunged more than 6% in the opening minutes of the regular session amid forecasts for milder-than-expected weather early next week and profit taking ahead of the expiration of Dec futures this afternoon. At 0945 ET, Dec futures were down 40.8 cents at $5.960 per MMBtu.

To: kodiak_bull who wrote (80198)	11/28/2000 12:03:52 PM
From: kodiak_bull	Respond to of 95453

RIG at $77-- Transocean Sedco Forex Reiterated `Buy' at ABN Amro By Donna Mcdonald Princeton, New Jersey, Nov. 28 (Bloomberg Data) -- Transocean Sedco Forex Inc. (RIG US) was reiterated ``buy'' by analyst Asit K Sen at ABN Amro. The 12-month target price is $77.00 per share.

To: kodiak_bull who wrote (80198)	11/28/2000 12:59:44 PM
From: Winkman777	Read Replies (2) \| Respond to of 95453

Kb, thanks for the well thought out reply. Only a few times in the last 3 years have I been this far into margin. I'm buying more today. <<the season of Buy, cloudy with indecision, discomfort and despair.>> I'm at that point, except I don't feel any despair - big difference. FLC/RIG: I own only FLC, most of it long term in early 2001. I sold covered calls on all of the LT shares when FLC was near 30, Jan 30's and 35's. I've also sold calls on my other LT stock APA. If they are assigned, fine. If not, I'll sell more calls. I believe that diana was saying that if I get near margin calls or just want more useable margin, then I could sell FLC (trading shares) and buy RIG. Otherwise IMO there is no reason to buy RIG. Fidelity has a 60% margin limit on FLC and only 35% on RIG. At this time, I see the high crude and NG as potential negatives. OSS and E&P's may both go down if the commodities do. I'm betting that the winter/weather is kind of a hedge - for a few months anyway. The apparent strength and determination of OPEC and the new NG electric generation are big positives. Unlike when the Nas was 1000 or 2000 points higher, I see it here as a neutral. The juggernaut of Chinese demand will probably continue to be a big positive. They are selling so much "stuff" to the rest of the world that they can afford to buy a lot of oil. Overall (the forest) it's the basic relationship of supply/demand that will cause (very likely IMHO) Boom 2000 to evolve into 2001 - the crisis. I had planned to get away from "Investo-world" for a while, and had sold most of my trading shares, and had sold covered calls on almost everything else. Then when I returned from venison hunting, all these bargains (seemingly) appeared. Here I am again in the vicinity of max margin. One of these times it will backfire. Hopefully not this time. OT: I have found some ways to give away a little to needy and deserving people. It feels even better than making it. Maybe good karma too. OT: Gore should concede - the sooner the better for everyone - including him. Take care all. Winkman

To: kodiak_bull who wrote (80198)	11/28/2000 3:34:01 PM
From: diana g	Read Replies (2) \| Respond to of 95453

RIG / FLC --- Discount Hi kb, your mention of the discount currently available by buying FLC prompts me to ask for your opinion on such discounts in general. I've been inclined to believe that they exist for a reason. That the market perceives there to be some reason the discount should exist. Some additional risk of some sort on the discounted end. A chance that some potential problem arising will disproportionately affect the discounted company. --- Therefore, the better price available on one side of a merger is only really a better price if we close one eye and assume that risk doesn't exist. Of course in any one instance the chances of the deal falling through are small, but then so is the discount. How do you see it? (all opinions welcome) regards, diana