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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?


To: Greg Jenkins who wrote (719)5/3/1998 1:55:00 PM
From: stanley new  Read Replies (1) | Respond to of 2282
 
Based on income projections for 98/99, $40 appears to be very reasonable, especially if oil price stays at least firm. Was glad to see Exxon announce last week that their eploration spending will continue to rise. I am not sure all the investing community understands the extent of depletion in many of the world's producing fields. Many seem to think that existing supplies will just go on indefinitely.