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

To: Art Bechhoefer who wrote (29565)	3/18/2003 10:32:30 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 36161

Or Fluor (disclosure: Long FLR).

To: Art Bechhoefer who wrote (29565)	3/18/2003 10:33:52 AM
From: Frank Pembleton	Respond to of 36161

Should a person be buying HAL? I posted this awhile back, if you've got the time it's worth the read. #reply-18525671 Regards, Frank P.

To: Art Bechhoefer who wrote (29565)	3/18/2003 11:43:37 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 36161

I decided to get my toe wet in oil service this morning with POO still above $30. Picked up some OIH -- now up 3% from my purchase price. Wish I had decided to get the entire foot wet (GG)

To: Art Bechhoefer who wrote (29565)	3/18/2003 8:18:16 PM
From: terry richardson	Read Replies (1) \| Respond to of 36161

Art: Re: How about Halliburton? Would have got back to you sooner but something came up and I had to go out for a while. I had read somewhere, some months ago that Carlyle's shareholders had made on the average about 30% p.a. return over the very long term. The thing about both groups is that they have both the political and financial clout to achieve anything they set their minds to as well as the influence and contacts to know what a government is going to do before it's announced or even fully decided... if they don't actually set policy in some cases. But HAL isn't on quite the same level, I don't believe, as Bechtel and Carlyle. They both make it knocking them down and then again on the re-building. With perpetual war going forward there isn't a much sweeter spot to be in. If there's got to be a war you might as well be on the winning side and the winningest side is Bechtel and Carlyle. It's their inside track which I'm envious of. It was just a bit of wry wishful thinking. But you're probably right that HAL will come in for some of the Iraqi oil field work as well as their KBR military contracts once the situation is sorted out but that will be at the expense of a decline in the Gulf deepwater oil production which will go onto the back burner for a while I think. They're probably in the process of expanding the Engineering and Construction side of things and probably going through a transformation and reorientating their business model due to the current situation and what they see going forward. I'll dig around a bit tomorrow and see what I can find thanks again. I've been waiting for someone to mention HOFF and GLBL with the Nat Gas situation that seems to be setting up for next winter. Anyone like them? Looking for a flurry of activity in the Gulf (nat gas) towards the end of this year? They're less than 50% of where I got into them in '99. Kind of surprised Slider isn't pounding the table yet. <g> Think I might start nibbling there. Regards T. EDIT: Just read Franks post THE STEVENSON MOMENT which seems to say it all.