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

To: Lucretius who wrote (14363)	3/10/1998 5:32:00 PM
From: Swede	Respond to of 95453

Agreed.

To: Lucretius who wrote (14363)	3/10/1998 5:41:00 PM
From: marc chatman	Read Replies (2) \| Respond to of 95453

I don't necessarily disagree with that either. It's already happened. I was just a kid at the time, but I remember the oil embargo and the gas lines in the early 70's. Prices did change forever. I remember gasoline went from something like $.30 or $.40 per gallon to about $1. And there are people who will invest in the possibility of a radical change. It's a lottery ticket. Of course, most lottery tickets turn out to be worthless -- it won't stop people from playing, though, and probably shouldn't.

To: Lucretius who wrote (14363)	3/10/1998 5:50:00 PM
From: 007	Read Replies (2) \| Respond to of 95453

Lucretius, I agree that it's a given that there will eventually be problems in the Middle East that cause oil to spike. The powers that be can react to problems, but they are far less effective at preventing these problems from developing. In fact, US Middle East policies that lead to short-term oil security could even be central to the crises that develop later on. Why do you not like these derivatives? Have you looked into them? Are they priced too high in that they have adequately discounted political uncertainties over the long-term? Thanks, James PS I do not trade in options for I am not a high-risk type (nor does selling calls or even buying puts appeal to me), but the idea of tucking away some long-term options at a time when oil is low is very interesting.

To: Lucretius who wrote (14363)	3/10/1998 6:08:00 PM
From: Flan	Read Replies (1) \| Respond to of 95453

Hey Luc, Do you have any insight into DIVE (American oilfield divers) although they just changed their name so they can do business abroad without having a target drawn on their projects because of Yankee name. Next year is supposed to be the real story in this stock - Nice volume lately and the stock has moved up in the face of declining oil prices - They operate in a niche business with deep water exposure - Any thoughts - I threw some in my IRA.