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

To: excardog who wrote (82948)	12/28/2000 6:25:19 PM
From: CpsOmis	Read Replies (3) \| Respond to of 95453

Well, I PM'd a number of people regarding why in the sam hey anyone would be selling a company like SMOP when it has a 22.5% premium to sale left in it.... And I got my answer...in ONE DAY.... ROIL up 17 1/2% PKD up 11 1/2% GIFI up 12 1/2% ESNJ up 9.86% These WILL crash and burn....someday....but for today....dang! I missed the boat.... Well, I am trading the plan, and sittin' tight. Bought some more yesterday. Gonna take my 22.5% over max of 4 months and like it! I am SO GLAD I don't have GOLD!!!!!! down 1.75% AEM down 1% NEM down .71% It's day will come....just...not...today In reality, the bubble will burst....someday...but for the MOMENT....I smell a mania 'bout to happen.....never ignore the power of the press.... Cosmo

To: excardog who wrote (82948)	12/28/2000 7:50:30 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

From Frost: VINDICATION AT LAST, AND THIS RALLY SHOULD HAVE LEGS We’re Raising Our Natural Gas Forecast; Increasing Earnings Estimates and Target Prices KEY POINTS: • SUSTAINED NATURAL GAS PRICES: Supply-side fundamentals are still driving the natural gas markets, and we believe that the futures strip is a good indicator of things to come. We are raising our natural gas price forecast to $5.80 per Mcf in 2001, which is well below the current NYMEX futures strip of $6.30 per Mcf next year. • STORAGE LEVELS RUN DRY: We are forecasting that U.S. natural gas in underground storage will only reach 2.3 Tcf next year, supporting higher natural gas prices for several years. Assuming consistent year over year weather demand, we believe that natural gas storage levels will be depleted at some point next winter. • E&P STOCKS KEEP GOING UP: E&P stocks should see another great year in 2001, and we see gains of over 40% in the group as a whole. Our universe of coverage still has 46% upside, on average, to our new 12-month target prices. Moreover, the group is still trading at just 3.5x 2001 cash flow, still well below the historical average of 7.8x. • NEAR TERM TECHNICAL CORRECTION: In the short term, most E&P stocks are significantly overbought, and we expect a trading correction that investors should view as a buying opportunity. Yesterday, 24 of the 70 stocks in our Frost E&P Index hit new 52-week highs. Recent entry into the group by large momentum players is a positive sign, but we believe profit-taking will occur. Investors should be actively building positions and buy aggressively on any weakness. • DON’T OVERLOOK OIL: We believe that the gas-levered names will continue to outperform the market, but that investors should begin to look to the more oil-levered names for balance in the group. Many of the large-cap oil-levered stocks have been left behind, and we think that the momentum in the natural gas stocks will spread to the broader group of E&P companies. We anticipate that OPEC production cuts in early 2001 could cause a rally in the oil-weighted independents and large-cap integrated E&P stocks.