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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: Sycamore who wrote (6409)	1/6/1998 9:22:00 AM
From: Laserbones	Read Replies (1) \| Respond to of 11888

Well, Sycamore, you characters who like to start attacks on anyone you don't agree with have little right to cry foul. You should keep quiet since you are a major culprit of this tactic. DrRisk is getting his nose rubbed in his own mess...find fault with those who start this crap, not me. The pattern of jumping on everyone who doesn't think aipn is the greatest stock in the world is a joke. It happens all the time. The thread is supposed to be a forum for the exchange of ideas...but obviously not for all ideas. This crap would never happen if you and your ilk would allow for others to make their say without trying to characterize or denegrate someone. Break the pattern, Sycamore, show how wonderful a person you and your pals can be. You guys keep it up, and so will I. You think you have such a free hand to post wild hype at one point and when the stock has lost 50% of its value you blame it on others. That's exactly what's been going on. If you were so secure in this company and believed your own hype, you'd ignore all comments to the contrary. And as far as hype and rampant speculation, Sycamore, you've made some outrageaous comments. But that's okay, right? You can just go a head and do that, yet take great exception at anyone with a different view. Respond, Sycamore...please...we can get into your list of idiocy. Greg

To: Sycamore who wrote (6409)	1/6/1998 9:27:00 AM
From: MARIO PASQUA	Read Replies (3) \| Respond to of 11888

NEW YORK, Jan 5 (Reuters) - Oil companies are set to increase worldwide exploration and production spending by 10.9 percent in 1998, the second strongest growth forecast in 10 years after 1997, according to a survey from Salomon Smith Barney. Analysts Geoff Kieburtz and Mark Urness say that their 16th annual survey showed "oil service demand remains robust-reinfVH$93.8 billion for 1998 from a projected $84.6 billion in 1997, despite "moderate" oil and natural gas price expectations. "An unusually large number of respondents plan on spending more than cashflow, indicating that spending plans are increasingly based on a multi-year outlook rather than near-term conditions," Kieburtz and Urness wrote. They said that the average oil price assumption for projects had fallen to $19.23 per barrel for 1998 from $19.67 in 1997, but that projects were generally tested on a range of oil price scenarios "some ranging as low as $12.00". The analysts asked whether Asia's economic slowdown and projected lower demand for oil had affected spending plans and the response was "a resounding no". Most of the increase in spending will come outside the U.S. and Canada and in the international arena, the 97 companies which responded said that spending there would rise 14.4 percent to $54.8 million, compared with an expected 15.6 percent increase to $47.9 billion in 1997. "Frontier territories are targeted for significant increases in spending in 1998, including deepwater West Africa and the Former Soviet Union," Kieburtz and Urness wrote. In the international arena, significant rises in spending are planned by Royal Dutch/Shell Group <RD.AS>, Italy's AGIP, Malaysia's Petronas <PETR.KL>, Exxon Corp <XON.N>, Norway's Den Norske Stats Oljeselskap A/S 1/8STAT.CN], Amerada Hess Corp <AHC.N> and France's Elf Aquitaine <ELFP.PA>. Material reductions are planned by Union Texas Petroleum Holdings Inc <UTH.N> Belgium's Petrofina SA <PETBt.BR>, Austria's OMV AG <OMVV.VI> and Argentina's YPF SA <YPFd.BA>, "generally due to project timing", the analysts said. U.S. exploration and production spending is projected to rise 6.1 percent to $29.0 billion by 139 majors and independents, with "significant" increases in spending planned by Exxon and Shell Oil Co, while among the independents, Union Pacific Resources Group Inc <UPR.N>, Oryx Energy Co <ORX.N>, Burlington Resources Inc <BR.N>, Louis Dreyfus Natural Gas Corp <A HREF=""><LD.N></A> and Equitable Resources Inc <EQT.N>. According to the survey, 1997 spending by the 15 majors rose 17.2 percent, in the U.S. "by far the largest increase in the 16 year history of the survey" as Exxon shifted to domestic activity and Shell and Texaco spend more than indicated at midyear. Overall, companies continue to rate the economics of drilling for reserves as superior to buying reserves, with 84 percent favoring drilling, up from 80 percent in the 1997 survey and the number seeking to buy reserves this year fell to 67 percent of respondents from 73 percent last year. The respondents were also optimistic on the three year outlook for the industry, with 97 percent of respondents scoring optimism, compared with 99 percent in last year's survey and 84 percent the year before. 17:00 01-05-98