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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Alias Shrugged who wrote (3704)	11/24/1997 6:57:00 PM
From: Iceberg	Respond to of 95453

>I've been hit by a truck before, but never had the sucker back up two or three times!! Mike, I enjoyed your attention-getting intro to a marvelous post. Thanks! Ice

To: Alias Shrugged who wrote (3704)	11/24/1997 7:32:00 PM
From: 18acastra	Read Replies (1) \| Respond to of 95453

Agree. Great points. Over long run, fundamentals great for oil/natural gas. Lots of holes need to go into ground. Decline rates high, bubble burned off from 10 years of underinvestment. Many industries consolidated. High degree of operating leverage.