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

To: Ed Ajootian who wrote (26202)	10/7/2003 12:08:09 PM
From: Wowzer	Read Replies (1) \| Respond to of 206085

* 11:47 ET Willbros Group upped to Buy at DA Davidson (WG) 12.00 +1.60: DA Davidson upgrades WG to Buy after the co reported it has received several significant new contract awards worth a total of $100 mln. The firm believes these bookings signal a turn in Willbros business prospects. Firm says the stock is trading at a substantial discount to other E&C contractors, but expects this discount to diminish. The firm is raising its near-term price target from $10 to $15, 19x its 2004 estimate, and its long-term target from $18 to $25.... Note: Briefing.com highlighted WG this morning in a Stock Screener.

To: Ed Ajootian who wrote (26202)	10/7/2003 12:08:24 PM
From: DELT1970	Respond to of 206085

The presentation at Lehman by refiner FTO might be of interest to you , Ed, for the lowering cost of heavy and sour crude feedstocks. The lawsuit with HOC over the apparently failed merger is dampening an interesting story here. Click on audio webcasts and look for FTO on Tuesday. lehman.com

To: Ed Ajootian who wrote (26202)	10/7/2003 12:31:07 PM
From: John Carragher	Read Replies (1) \| Respond to of 206085

falling crude prices is great for refineries? no.. they buy higher from e& P and then have to sell the product at lower prices.. same thing happens with marketing.. they buy at a higher price from refinery and then get stuck with inventories throughout their terminals which they have to discount at the stations due to independents buying cheaper on open market... usually it works the other way around. Rising prices helps refineries and retail. they quickly pass on increase prices while of course they have cheaper product in inventory... but when prices turn down . they try like hell to hold prices up for as long as possible. Of course imo.