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

To: rails99 who wrote (88745)	3/16/2001 4:16:01 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Missing oil is an old story...not sure if that is relevant today. What IS relevant is that little headway seems to be being made to stem depletion...even with gobs of rigs running. Gas demand has likely entered a brave new world and the pricing for same may forever be 'shifted' higher...maybe much higher. E&P stocks aren't getting respect due to the perceived 'investment risk'...what do they do with all their money. They used to spend it fast like hell. But today they are not doing so to the same degree, although it is expected that spending will greatly accelerate this year. Watch for more stock buy backs...a company's own stock is likely the best investment it can make since valuations seem low. 2001 - The Crisis It's only just begun... big