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

To: chowder who wrote (85602)	1/29/2001 5:08:59 PM
From: Think4Yourself	Respond to of 95453

FWIW, both the 6-10 and 8-14 day NOAA weather forecasts are agreeing today that we will have normal temps in the midwest next week. That probably means we will really have temps in the 70's in Chicago!

To: chowder who wrote (85602)	1/29/2001 5:24:30 PM
From: CpsOmis	Read Replies (3) \| Respond to of 95453

For those counting on a 'killing' with EEE...are you sure your numbers are good for valuation? Just make sure! BELW bought out BARG per this article, and BARG owners are getting killed! Don't know why the shareholders would vote for it....... (disclosure...dumped my EEE shares last week for a 10% scalp) Cosmo Houston-Based Firm Doubles Oil, Gas Reserves with Merger -------------------------------------------------------------------------------- By Michael Davis, Houston Chronicle -- Jan. 26 Bellwether Exploration Co. has agreed to buy Bargo Energy Co. for $140 million in cash and stock in a deal that will more than double Bellwether's oil and gas reserves, the companies said Thursday. -------------------------------------------------------------------------------- Printer-friendly version Related Information Products Other Articles - Mergers, Acquisitions & Divestitures -------------------------------------------------------------------------------- The new combined company would be renamed and based in Houston, where both companies are based. Bellwether would pick up about eight of Bargo's 20 employees, said Doug Manner, Bellwether chief executive officer. He would be chairman and CEO of the new company. Last month when it announced its spending plans for 2001, Bellwether told its shareholders that its strategy for near-term growth was focused on "the amalgamation of other small-cap entities into Bellwether." "They (Bellwether) were looking to either sell the company or buy something," said Van Levy, energy analyst with CIBC World Markets in Houston. "It looks to be a pretty good deal for Bellwether." Bargo's shares normally have been very thinly traded, with an average volume of about 4,700 shares per day. On Wednesday, 91,600 Bargo shares changed hands, and on Tuesday, 12,500 shares were bought and sold. "We have 87 million shares outstanding, so that (91,600) is pretty insignificant," said Jonathan Clarkson, president of Bargo. "We trade 5,000 shares some days and 100,000 shares on others." Shares of Bargo closed Thursday at $1.13, down 60 cents per share. Bellwether's shares closed at $9.75, up 53 cents per share. Under the deal, Bellwether would give Bargo common shareholders $60 million in cash and $80 million in Bellwether stock, which values Bargo shares at $1.26 per share, company said. The transaction also includes the assumption of $40 million in Bargo's debt and the redemption of Bargo's preferred stock for $50 million in cash plus $8 million of accrued dividends. Sixty-two percent of the new company would be owned by Bellwether shareholders and 38 percent by Bargo shareholders. The deal, subject to shareholders approval, is expected to close in early spring. The deal is expected to more than double Bellwether's proved reserves to about 80 million barrels of oil equivalent, with 65 percent of those reserves being crude oil. It would almost double Bellwether's daily production rate to about 25 million barrels of oil per day, and lengthen Bellwether's reserve life from about six years to nine years. The two companies operate generally in the same oil producing regions: the Permian Basin and the onshore/offshore Gulf Coast. The company also would have a small amount of reserves in Ecuador and would pick up some reserves in East Texas. ----- To see more of the Houston Chronicle, or to subscribe to the newspaper, go to chron.com (c) 2001, Houston Chronicle. Distributed by Knight Ridder/Tribune Business News. BELW, BARG,

To: chowder who wrote (85602)	1/29/2001 7:10:36 PM
From: isopatch	Respond to of 95453

Dang Dabum(g) You may be a better contrarian than me!! At the very least, when you get the buzz? You you're more of a plunger and an averager as often happens when you pass into your later 50s like ole Iso. Hey, partner. Wish I was 40 again(GGG). Especially, knowing what I know now!! But, when the bones get chalky there is a quite joy in less frequent trading and from the laid back emotional tone that goes with averaging in and out of markets. Posted to Q earlier today that I've warmed to some of there ops the market has been serving up in recent days in the context of more bearishness than I've seen in weeks on a number of threads. Did put on a good size position in REMC today. Although Don brought it up on the thread, what got me interested and to be honest impressed me more than their predominant focus in civilian communications, is their defense and aerospace biz. They have important contracts already in place for key weapons systems: "...providing communication systems, subsystems and integrated components to defense programs which the Company believes have the highest probability of follow-on production. Its products are integrated into various defense tactical aircraft, satellites, missile systems and smart weapons comprise the majority of the platforms of its customers. The systems, subsystems and integrated components are comprised of specialized combinations of components that perform a variety of microwave functions, including filters, couplers, power dividers switches, amplifiers, VCOs, mixers and multipliers, among others. Defense industry programs for which the Company provides communication systems, subsystems and integrated components include the F-22 Stealth Tactical Fighter Aircraft program for the U.S. Air Force; the Integrated Defensive Electronic Countermeasure System (IDECM) for the U.S. Navy; the Advanced Medium Range Air to Air Missile (AMRAAM) program for the U.S. Air Force; the Longbow Missile and Radar programs for the U.S. Army; and the Standard Missile for the U.S. Navy. Its selling prices for defense subsystems and components range from approximately $100 to $200,000." (the above is from CBS Market Watch) My guess is there will be a lot more LT growth there in the future under the new Administration than analysts have even begun to factor into their LT estimates! So under 13? REMC is on the bargain counter IMHO. Not into NANO. But been watching INSP for over a week and may yet grab some. But as far as being aggressive? Go with your instincts. "Ya don't stop when you're hot"(g) Best Iso