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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: upanddown who wrote (2285)	6/22/2001 2:07:47 PM
From: excardog	Read Replies (1) \| Respond to of 206195

John it would seem to me at this stage of the game that a smart E&P might begin to shift the drill focus to oil. Then again maybe there isn't that much oil to drill for. Least ways in the US let's say. Best

To: upanddown who wrote (2285)	6/22/2001 2:10:08 PM
From: energyplay	Respond to of 206195

I 'll bet we will see a move from NG to Oil drilling later this summer. Of course, for some wells, all they need to do is complete a different zone ....

To: upanddown who wrote (2285)	6/22/2001 2:11:03 PM
From: Second_Titan	Read Replies (1) \| Respond to of 206195

I did a chart of BHI US Total this morning with a break down between oil, gas, GOM & non GOM. It gives a good visual indication of activity and offers comparison to 1997. I dont know how much more profitable NG is than oil to drill right now. Seems the E&P companies at the drill bit know depletion rates , etc. Storage keeps going up and production at least through last QTR is weak. If everyone thinks NG is going to $2.5 why are they still drilling mostly for NG? Perhaps the comment that shallow water GOM has inadequate NG opportunities is true. Excardog I am not so confidant in E&P's as I believe the forward earnings comparisons will not be enticing.