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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 (82826)	12/27/2000 12:01:57 PM
From: Tommaso	Respond to of 95453

After registering, I had to reset the chart for "all data"--but it looks like an AMZN.COM chart. No wonder these companies are still suspect. The oil bust of the 1980s is as close to us as the 1929 crash was to folks in the 1940s.

To: jim_p who wrote (82826)	12/27/2000 12:04:01 PM
From: hdrjr	Respond to of 95453

jim p, Just thought I would re-post the following for consideration: Looks like we could be there soon after the first of the year. Natural Gas: The Five Stages to Market Panic by Ilan Goldman •• Aug. 10, 2000 •• SolarQuest® iNet News Service •• (This report by Charles T. Maxwell, Senior Energy Analyst (maxwell@weedenco.com) was posted by Ilan Goldman.) "Stage Five would represent a general recognition that we could be entering a difficult period of fuel shortages and that the effects might be more serious than mere "inconvenience". It should be noted that under any allocation formula, those organizations and industries that could switch from natural gas to propane, butane, heating oil or residual fuel oil would be asked to do so. And, subsequently, these products might themselves run short under the impact of unexpectedly high demand. They might also advance dramatically in price. Stage Five would also imply a highly visible case for investing in companies that might be best positioned to assist in solving the natural gas shortage. The final run of small investors’ funds into the natural gas producers might represent a "tsunami" of money seeking entry to a play already suffering from limited capitalization, thus forcing gas producer share prices into the "blue yonder". Stage Five, perhaps occurring in mid-to-late autumn, would, of course, be immediately followed by the actual onset of cold weather. By then, investors would also have full knowledge of the country’s three-quarter-filled gas storage position. Early outages might start to occur, for coincidental reasons, in late January of 2001. However, the main weight of the shortfall would be expected to fall when different major storage points in various consuming regions of the country ran out of supplies in February and March of next year. That is when companies, facing closedowns for lack of fuel, should be most pressured to bid for gas to avoid the termination of output and temporary disbandment of their labor forces. So, we have assumed a peak to natural gas prices in February of 2001, probably in the $6.00 - 7.00 per mm btu range following a prolonged period of cold weather. This could be the high point of fear, when many businesses could be driven to uneconomic decisions just to survive.This would logically be the exit point for experienced investors. With all five stages of the play completed, and the axe of cold weather fallen, this would be the time to collect your chips and leave the game. Conditions will likely not be so desperate or so uncertain again for some time, experience teaches us. Of course, the natural gas problem itself will not suddenly go away. It will take many seasons to find an answer to it. But, we will solve the problem, as we always do. And, as we move through the crisis and consider our options, all kinds of answers will present themselves. Meanwhile, the stock prices of natural gas producers would be expected to start down as early desperation gave way to later resolution. "

To: jim_p who wrote (82826)	12/27/2000 12:41:24 PM
From: kodiak_bull	Respond to of 95453

I like it when everybody begins to like the same ideas I do, only 18-24 months later. Energy shares boost sleepy Euro bourses By Sophie Walker and Emily Kaiser LONDON, Dec 27 (Reuters) - A strong performance from energy shares enlivened Europe's sleepy holiday bourses on Wednesday, with many dealings restricted to end-of-year tidying up. Oil majors Royal Dutch , TotalFina Elf and BP Amoco topped the blue-chip leaders' board with gains of more than three percent and pushed the DJ Stoxx energy sector <.SXEP> up 2.8 percent to its highest level in a week. At 1637 GMT, as most European stock markets closed, the FTSE Eurotop 300 <.FTEU3> was up 1.45 percent while the narrower DJ Stoxx 50 <.STOXX50E> showed a gain of 1.35 percent. "It's been an unbelievably quiet day, with just one or two interesting moves, and I think it's going to be this way until the end of the week," said fund manager Tim Stevenson, head of the European equity team at Henderson Investors. Wall Street provided few clear buy signals, with the Nasdaq index -- on course for the worst yearly performance in its history -- edging up 0.7 percent from a initial loss. The Dow Jones industrial average gained 0.5 percent. But a deep freeze across much of the United States lifted demand for oil and natural gas, while talk among OPEC members about crude output curbs also helped send prices higher, fuelling a run on energy stocks. London Brent blend futures rose 39 cents to $24.05 a barrel while London heating oil futures rallied $13.50 a tonne, up six percent, to $245.75 a tonne. "It has been cold and you see that reflected in the oil prices," said Florian van Laar, a director with fund manager Eureffect Asset Management. "I don't know if this will be a trend or a short-term reaction but we still like the energy sector and we also like utilities," he said.