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

To: Timelord who wrote (5726)	12/19/1997 3:22:00 PM
From: Redman	Respond to of 95453

[CHV] CHEVRON SAYS 97 OPERATIONAL EARNINGS TO EXCEED YEAR-AGO $2.65 BLN 14:59 [CHV] CHEVRON SAYS $6.3 BLN SPENDING PRG LARGEST IN CO HISTORY. 14:59 [CHV] CHEVRON BOARD OKS $6.3 BLN CAPITAL/EXPLORATORY SPENDING PRG IN 98 14:58 [CHV] CHEVRON CORP BOARD OKS BUYBACK OF $2 BLN OF COMMON STOCK Go figure. green

To: Timelord who wrote (5726)	12/19/1997 3:43:00 PM
From: Flan	Respond to of 95453

Just goes to show even when you get things right things can go wrong - I feel like I own Bre X - If I ever pull myself above water I will be rotating into GE and Coke and other 40 P/E stocks because that is the only stocks people do not sell, Seriously I talked to KEG management the other day and they said that things are strong and that is why they felt comfortable making some recent aquisitions - Well people are still selling KEG at a 9 p/e to next years numbers. Ken Hebner from Capital Growth just said on cnbc to stay away from oil service said that if oil prices shrink profits will disapear - said capacity is rising - Really i have not seen alot of new build contracts.