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

To: Frank who wrote (44585)	6/3/2005 4:13:56 PM
From: Keith J	Read Replies (2) \| Respond to of 206085

Don't forget UNT, which has both rigs and NG production. KJ

To: Frank who wrote (44585)	6/3/2005 4:34:28 PM
From: CommanderCricket	Read Replies (2) \| Respond to of 206085

Frank, Haven't been involved much with OS stocks since the bad ole days of KEG and GW circa 1999/2000. Looks like it's time to start planning an entry back in. PTEN and NBR look the most promising to me. Any targets for PTEN providing it can break out of it's current trading range. BTW: sold my remaining TLM near the close. Feel kinda naked with all this cash sitting in my accounts (70% cash). Looking at taking a position in STO. Holding positions in TGA, KCS and EGY (EGY is getting on my nerves). Check this out. Notice EGY is near the top. www2.barchart.com Have a good weekend everyone - Michael

To: Frank who wrote (44585)	6/6/2005 12:42:14 AM
From: buckbldr	Respond to of 206085

>>>>....five key facts; (1) all of these land drillers are NG oriented , (2) dayrates are rising, there are no more land rigs and operators are starting to panic, (3) permit data are close to overwhelming last few months suggesting more drilling going forward, (4) NG is 6.70ish and summer is just coming in the door versus last years cold, cold July-August --and (5) no operator in their right mind is laying down a rig -heck , they are paying contractors dayrates on rigs on the highway! -- Frank<<<< Frank, I think that most thinking people would have to agree that these points are indisputably valid when considering the timing of taking a long position in land drillers now. I have been waiting for the rig dayrates and utilization data to reach this point for months....it confirms my contention that land driller equity prices are poised to move up based upon sound fundamental justification. I want to add another fact to your listed five which i'm sure you would confirm to also be very important when considering the earnings growth of these drillers during this phase of the cycle....that each dollar increase in these rates at this stage virtually goes directly to the bottom line, due to the static nature of the drilling costs regardless of the revenue stream. This should likely result in some very significant earning surprises on this quarter's earnings reports coming out over the next few weeks. Looks to me like the stars are lining up for us land driller longs almost to perfection. Hey!, I just peeked at the CL & NG futures on Access....they are showing some pretty stout gains. My NBR position taken Friday is looking better by the minute. Hopin' we all find winners, Buck