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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (6103)	12/13/2004 1:06:02 PM
From: Sergio H	Read Replies (2) \| Respond to of 23958

Worth reposting: RP] 12/03 .. Cunningham UpGrades Oil Service Sector. In an innocuous announcement made earlier today near the steps in front of a little white house Ray Cunningham leaned on the split rail fence and upgraded the oil service sector to a buy. It was based on the projected growth and duration of the current cycle. This announcement was made as expected after much deliberation over the correlation between oil and oil service. The recent scenario which was best described and made famous by Billy Joel in words similar to these ... "and we will both go down together" had somehow changed in earlier trading. The observations were made and the announcement came as the price of Crude seemingly appeared to bifurcate from the from it's buycycle built for two being driven now by Oil Service. We have the exclusive quote which came in the form of a Loud Rebel type Yell. " The Twins are being separated and they seem to be doing fine. " He also mentioned that this could all change if a way can be found to mass produce Aladdins Magic Carpet at an affordable price. In a statement made later he said he was really overweight now and left for lunch.

To: Galirayo who wrote (6103)	12/13/2004 1:19:14 PM
From: Ken W	Read Replies (1) \| Respond to of 23958

Ray At last you get the respect you deserve! As to rig counts, I can attest to at least one new rig in my area. There is an 11,000 acre ranch that borders the main route to the nearest town to me. Years ago they did a test drill, now they came back last month, tapped out the old test line and are now in full production on a six inch diameter, straight down rig. I stopped yesterday and asked what their rig rate was...the guy was kind of nasty (maybe the 24 hour shifts were getting to him) and never did say what the actual rate was, but that his company was way behind on past test tap conversions to full production. This is in CA now, so you have to figure other states with less regulation are opening old tested leases too, at a greater rate. Ken