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

To: The Perfect Hedge who wrote (9806)	1/26/1998 10:01:00 PM
From: Ms. X	Respond to of 95453

Chat room for P&F <fwd>OT PnF Madness(Jan) and anyone interested, I have emailed Yahoo about creating a chat room on our favorite subject. It will probably take a liitle while for them to respond. In the meantime, let's start our PnF Chat Group tomorrow night (Tuesday, Jan 27th) at 7:00pm central time. Yahoo has a stock talk room. We will have to guide the others chatting and wade through the garbage be talked about until we get our on group. For directions, go to www.yahoo.com click on chat then click on stock talk (you will need register one time b/f you enter any chat rooms). I will be user csfiii. See everyone live tomorrow night at 7:00 pm central. please post if you will be there. Tom Dorsey is invited, we shall see if he has time.

To: The Perfect Hedge who wrote (9806)	1/26/1998 10:24:00 PM
From: geoff konstan	Read Replies (2) \| Respond to of 95453

Anyone know when FLC reports earnings? -GK

To: The Perfect Hedge who wrote (9806)	1/26/1998 11:27:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 95453

As you know I have been sitting on my hands during this latest downturn except for a few buys of NE at extremely depressed prices a few weeks ago. However, I plan on buying across the board over the next two weeks. I've decided to branch out from NE (still my favorite) and plan on putting a substantial portion of my portfolio into oil & gas. I'm also looking for any depressed independent E&P co's (SFR, etc.) or combo E&P and driller such as UNT. If anyone has any suggestions (driller--think I know most of these but you never know--, E&P, oil service), I'd appreciate them. Please include why you believe they will stand out from pack. I will include them in the names that I will send to my brokerage staff for them to research. Can't guarantee that Goldman will cover all of them, but the I'll certainly reply w/ whatever I hear. I believe we are seeing a buying opportunity of the century today in anything that is remotely related to oil & gas. Think about it: will things ever be any worse for oil? We have one the mildest winters in history. Asia collapses similar to our great depression. OPEC increases production to full capacity. It doesn't get any worse w/out a small nuclear war going on in Europe at the same time. We closed today up on strong short covering at $17 WTI and that's March. Months out futures are much higher. Only Iraq is left. After that, no new supply unless it is drilled for. Need I say more. Thanks. -Lucretius

To: The Perfect Hedge who wrote (9806)	1/26/1998 11:40:00 PM
From: Rob Hinton	Respond to of 95453

To: Glen, Thread; Subject: Oil, Short covering, ?'s Just read the latest post where it states short positions are their highest in ten years and SOME of the positions were covered today. With the big jump today will this start forcing these groups to cover more of their shorts? Or can they hold out a lot longer? Seems to me once the price jumps it can turn into a free-for-all and trigger a big run up in prices. I just don't know how the big institutions play the short game. As always, thanks Rob

To: The Perfect Hedge who wrote (9806)	1/27/1998 7:47:00 AM
From: donald sew	Read Replies (1) \| Respond to of 95453

Hi Glen and all, As I had indicated, I think on the TSO thread, that both the XOI and OSX were CLASS 2 BUYS with the buy-in date as yesterday. Of course I did not get, so what else is new. ggggggggg A CLASS 2 and CLASS 1 are similar in the fact that the buy-in day is the same, but a CLASS 2 has greater downside risk than a CLASS 1 and may take a bit longer to reverse. Well the OSX did get technical reversal(short-term) signals across the board yesterday. For candlestick watchers, it was a WHITE HAMMER. Actually it was not a perfect hammer, but close enough. I use approximately 10 different technical indicators and each one confirmed a short-term reversal. Now, all that is needed is for the overall market now to help out by also moving up. As for the longer term, if the 105 support holds for a complete short-term cycle, then it would be the first HIGHER LOW since the downtrend started, which would hint that this is the longer-term bottom and should be up from here. All bets are off if the market tanks big, which I dont think it will. Seeya