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


To: John S. Sturges who wrote (7465)1/10/1998 11:26:00 AM
From: David Einstein  Read Replies (1) | Respond to of 95453
 
Thanks for the ideas. Are you a portfolio manager? What is the name of it? I couldn't find a fund listed as "Oppenheimer Omega".



To: John S. Sturges who wrote (7465)1/10/1998 1:12:00 PM
From: hassan davari  Respond to of 95453
 
John or anyone who cares to comment.

20 yrs ago when US and Iran had good relation, the price of oil was in high $20/b. Iran is the second largest producer of oil and gas after Saudi. Recently as you may have seen in CNN, there is a possibility of openning relation between US & Iran. It is expected that US will not impose any punishement on French company Total for signing $2B contrat with Iran. If that holds true and the relation between US and Iran improves, what it means for the OIL price and most importantly for drillers. Iran does not produce even 1/2 of what it could, 20 yrs ago. So, after 20 yrs there will be plenty of project for oil related company. and if so, who had contract in Iran before and who may benefits from this???

thanks,

hassan

PS. I am long MAVK, KEG, PTEN, and UTI.

pss. I am not expert in oil, or oil related ..



To: John S. Sturges who wrote (7465)1/13/1998 5:58:00 PM
From: Thomas M.  Read Replies (1) | Respond to of 95453
 
FWIW, Bob Gabele said the E&P's have a much better insider trading profile than the drillers and service companies.

Tom