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

To: Broken_Clock who wrote (8692)	1/19/1998 8:34:00 AM
From: BBG	Respond to of 95453

>>JD- Which producers are you referring to? Dave<< Dave... I was referring to just about all of the major producers i.e. CHV, XON, TX, etc... My particular favorites right now are BP and OIL... BP is the operating partner and Triton has a 20% stake in a major, major oilfield in Colombia. I lived and worked in Colombia for 10 years helping to drill and develop the field (Cusiana / Cupiagua) and it is huge with over 2 billion BBL.s proven reserves with massive amounts of gas. BP has been building a pipeline to the coast and should start exporting the crude (500,000 bpd) within the next few months... When this happens I think you'll see a steady rise in BP and Triton (OIL). A lot of people have shied away from these stocks because of the political instability in Colombia with the guerrillas etc... As someone who lived in Colombia for over 10 yr.s I can tell you that that "story" has been vastly overplayed in the media... There are two drillers that are benefiting from this longterm (10 yr.s) project Helmerich & Payne" (HP) and Parker Drilling (PKD). Of the two I favor H&P and know it to be one of the premier drilling co.s in the world with top notch management. As always this is all just IMHO... Good Luck... On BTM and Turning to the Right... JD