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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (5951)	1/1/2002 7:23:58 PM
From: isopatch	Respond to of 36161

OT/Frank. Outstanding!! Has she got a sister?<g>/eom

To: Frank Pembleton who wrote (5951)	1/1/2002 9:51:22 PM
From: isopatch	Read Replies (2) \| Respond to of 36161

Raymond James bullish on energy sector for 02' <2002 should be the exact opposite of 2001. We should enter the year with substantial doubt and fear and end the year facing another full-blown energy crisis. The energy crisis that the U.S. was experiencing less than a year ago has not been solved. The year will start with a declining rig count, downward earnings revisions, relatively low energy prices, and generally negative market psychology. Contrary to current market perception, we believe now is the perfect time to be buying energy stocks. As the rig count has fallen, oil and particularly gas production has begun to deteriorate at a record pace. As production falls and demand increases, the supply/demand lines will cross QUICKLY. Again, the market is working> 170.12.99.3