Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (1395)	3/12/2001 11:24:50 AM
From: excardog	Read Replies (1) \| Respond to of 23153

Lehman on E&P sector: Oil & Gas Exploration & Production: E&P Shares Up-Downgrading NBL/PXD The average E&P stock has doubled over the last year and we now believe that the shares are approaching fair value. Downside risks to our commodity price forecast have increased as a result of growing concerns about natural gas demand. Demand losses - for purposes other than space heating - have been as high as 10 bcfpd. Slower economic growth this year could lead to slower than expected electric power and natural gas growth this summer. We are lowering our investment opinion on the shares of Noble Affiliates (NBL) and Pioneer Natural Resources (PXD) from 1-Strong Buy to 3-Market Perform. Oil & Gas Exploration & Production: Lowering ’01 Gas Price to $5.75/MMBtu Q1 nat. gas prices have been weaker than we had previously forecast. As a result we are lowering ’01E natural gas prices from $6.25 to $5.75/MMBtu. Our rest-of-year estimate remains at $5.25-$5.30/MMBtu. We are trimming ’02E from $4.50 to $4.25/MMBtu but maintaining ’03E of $3.50/MMBtu. We are raising ’01E WTI oil-price from $25.00 to $26.50/bbl largely to reflect the oil-price strength thus far this year. We are increasing ’02E from $21.00 to $22.50/bbl but maintaining our ’03E oil-price of $21.00/bbl. The oil-price estimate increases offset roughly half the negative impact of the natural gas price reductions for the typical stock we cover.

To: kodiak_bull who wrote (1395)	3/12/2001 11:57:12 AM
From: cnyndwllr	Respond to of 23153

Speaking of nistory; THE BRITISH ARE COMING!! THE BRITISH ARE COMING!! Kodiak, that's what I want to hear before I feel good about going into margin in any of the sectors. I was amazed at the breadth of the selloff this AM. I have many sectors on watch portfolios and ALL of them were down substantially. From agriculture to super conductors the stocks were all down. Only 2-3% of the individual stocks were up and those were not up much. (You fgh'rs are leaders of the pack today) I think this is a good sign for those of us who are looking for this thing to correct out and start up again. I don't think it is too soon to start looking at and buying those great companies that are undervalued and tossed out for margin call covering and panic selling. I don't think the large cap techs are in that category yet. JQP, were you a riverboat gambler in a previous life or do you have a theory on why this thing may turn fast and speed off in the other direction? Ed