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

To: SliderOnTheBlack who wrote (85321)	1/25/2001 11:29:26 AM
From: gamesmistress	Respond to of 95453

There will ultimately be hell to pay... I agree, the tough part is timing the arrival of the man with the pitchfork. People believe the reassuring headlines that CA is "back from the brink" of their energy crisis, that the CA leaders will find a solution, that another cut in rates combined with tax cuts will ameliorate all our problems, etc. I'm still in and out of tech as that's where the big volatility is. BTW, here's an interesting story on insider sales in energy companies: thestreet.com

To: SliderOnTheBlack who wrote (85321)	1/25/2001 11:32:22 AM
From: Malcolm Winfield	Read Replies (1) \| Respond to of 95453

<<Greenspan will go down in history as the most reckless & "used" Fed Head in history.... Rubin was the pimp & Greenspan the whore for the investment bankers who just raped a generation of investors here via this bubble. >> I guess that presiding over the largest economic expansion in the history of the U.S. (or the world) would earn you the ignominious title of "reckless & used". Somehow SOB I don't believe this is how AG will be remembered -- just a hunch. Keep in mind that it was old Alan who coined the term "irrational exuberance".

To: SliderOnTheBlack who wrote (85321)	1/25/2001 11:51:17 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 95453

HP has a kick ass first quarter and provides some guidance for fiscal 2001: biz.yahoo.com Reuters recap: biz.yahoo.com Thursday January 25, 11:32 am Eastern Time Helmerich profits rise, sees Q2 EPS of 80-85 cents TULSA, Okla., Jan 25 (Reuters) - Oil and gas drilling contractor Helmerich & Payne Inc.(NYSE:HP - news) said on Thursday first-quarter operating profits rose about 65 percent, beating estimates, driven by a dramatic rise in crude oil and gas prices. Helmerich said it expected second-quarter profits of 80 to 85 cents a share, and year 2001 earnings of $2.80 to $3.00 a share, based on natural gas futures and dependent on commodity price volatility and production levels. The Tulsa, Okla.-based company reported earnings of $33.8 million, or 67 cents a share, in the first quarter compared to $20.5 million, or 41 cents, in the year-ago period which included gains of about $6.3 million, or 13 cents, related to a dividend payment and the conversion of common stock. Analysts, on average, expected profits of 61 cents, according to research firm First Call/Thomson Financial Corp. last year. Revenues were up about 29 percent to $192.5 million from $149.6 million in the year ago, despite a 6 percent drop in natural gas production.

To: SliderOnTheBlack who wrote (85321)	1/25/2001 12:06:04 PM
From: cnyndwllr	Read Replies (2) \| Respond to of 95453

SliderOnTheBlack RE: <<Greenspan will go down in history as the most reckless & "used" Fed Head in history.... Rubin was the pimp & Greenspan the whore for the investment bankers who just raped a generation of investors here via this bubble. Derivatie abuse, the Plunge Protection Team, the ESF manipulation and the Greenspan Put; will all be decried for generations to come in business schools as the evil they are... There will ultimately be hell to pay... >> Slider, that doesn't sound like a guy celebrating his winnings in the market. The main point, however, is that it is not the function of the fed chairman to protect investors. There are a great many people who have more jobs and better jobs than they would have had without Greenspan. I think he has done a good job of creating prosperity in this country by smoothing out the wrinkles, attracting investment funds from overseas, modeling economic policy for other countries and creating confidence in the continued recovery. Will it work forever? Will it always work? No, but it's a remarkable feat to have been able to tune the US and world economy for all of those years. A great many people, including investors and low income workers, have benefited. It is hard to imagine any careful investor who entered the market over the time period of his watch who would not have made a substantial gain. If you want to assign blame for the transfer of money from individual investors to investment bankers, why don't you blame the laws that allow them to engage in all of the practices that borderline on the unethical and that give them tremendous advantages over individual investors? All of us should be constantly vigilant to protect against this. I do believe that we are in for a correction sooner or later. In the meantime, there is more money to be made. I do tend to agree with much of what you post in terms of the dangerous possibilities for a substantial correction which I anticipate will last for a probable period of months or a year. That's one reason why I like the "safer" investments in oil service for intermediate term investments. I did not repost the "defrocked" portion of your post because it is not a pretty picture. Greenspan as a whore was bad enough. Get help! (gg) Ed PS I'm leaving until next Monday afternoon. I would appreciate it if y'all would buy lots of rdc and keg at higher prices while I'm gone.