Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: A. Fineigler who wrote (6114)	12/24/1997 1:58:00 PM
From: Flan	Read Replies (2) \| Respond to of 95453

I have owned the stock for over a year and it is by far the cheapest stock in the group. Look at the recent qtr it was amazing - Canadian co always sell for a discount to the american counterparts but the selloff in this stock is so overdone - CFO said with contract visibility he is comfortable with 98 estimates which I believe have them earning close to 3.00 CN - That gives them a foraward us p/e of 10 - A big concern has been canadian drilling in the coming year - well rig count in canada just hit another new high - the company is diversifying into other areas of the world and just signed some lucrative contracts with some multinationals for horizontal work in Venezuela - I love it but have watched it go from 30 to 75 and back down to 40 with only improving fundamentals - This is what I get for being a long term investor???

To: A. Fineigler who wrote (6114)	12/24/1997 2:23:00 PM
From: Lois R	Respond to of 95453

Thought I would give you most of the article. NEW YORK Dec24 (Reuters)- NYMEX oil prices finished mostly unchanged Wed as thin vol. in an abbreviated holiday session eroded intrday gains sparked by a decline in oil inventory. The market did not want to get going today, but the APIs were definitely supportive" said Steve Bellino, dealer with Chic. Corp in NY referring to an oil inventory report released by the API Tues. evening. Gasoline demand was surprisingly strong, and while crude imports rose, there was a good decline in (US) Gulf crude stocks, so that was encouraging" said Bellino. The API said for the week ended Dec. 19, total crude stocks fell 4.6 million barrels v/ the week before. Traders had expected a draw of only 2.5 mil. barrels. Imports rose a hefty 874,000 barrels per day (bpd) to 7.7 mil but crude stocks in the US Gulf where crude demand in concentrated fell 1.5 mil barrels. Gasoline stocks grew a mere 92,000 barrels when traders had expected a build of two million barrels. Implied demand for gasoline typically enters a trough in the winter after peaking in the summer, but implied demand was 8.3 mill bpd, strong demand even during the summer. The API also said stocks of reformulated gasoline (RFG), the sole grade deliverable agains the NYMEX contract, declined one million barrels in the US Northeast where the grade is primarily used. Keep thinking COLD! For the first time in my life I am hopeing for a cold winter. L