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Non-Tech : Hvide Marine HMAR - High Growth, Undervalued -- Ignore unavailable to you. Want to Upgrade?

To: Alex Greenland who wrote (301)	3/14/1998 10:50:00 PM
From: Grommit	Respond to of 547

Worth a link -- short run rig utilization is more important than short run oil price: Even though oil prices are tanking, the claim is that it is not impacting current rig day rates, rig utilization (96% worldwide) or rigs on order. Yet? Message 3708788 With regard to the link, #1 & #13 - they do not know. #4 - agrees with SA article (in general) #7 - gas is king? SA says "new ways to convert it to liquid form may soon make it just as cheap and convenient to use in vehicles". They claim it can be converted to liquid "today... at prices that are only about 10% higher per barrel than crude". But with today's lower oil prices, maybe that percent is larger. The thrust of the article is that additional cost saving methods are on the horizon to convert gas to liquid for transport. #11 - SA also mentions 4 technological innovations to increase recovery. These guys mention that the technology reduces oil cost. As long as it keeps the boats busy!

To: Alex Greenland who wrote (301)	3/16/1998 11:42:00 AM
From: Sam Citron	Read Replies (1) \| Respond to of 547

Charlie Maxwell also sees lower crude short term. "I don't think we've hit the bottom [in oil prices], I think they're still coming down and right now, with spring coming and demand falling in the Northern Hemisphere, a lot of oil is on the water and many of us are wondering where that oil is going to find a home," says CHARLES MAXWELL of LOEWENBAUM & CO. He says the coming driving season will be only "a small buffer" and adds that "this is one of the two times in the last 50 years when we've actually accumulated oil during the winter. This has very bad signs for spring." He says the glut could well continue for four to eight months, but points out that the last one of similar magnitude "went on for about a year and a half and there's every reason to expect as long a period this time also." (CNBC "Street Signs", 3/13)