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

To: Gator II who wrote (23845)	6/11/1998 2:57:00 PM
From: Big Dog	Read Replies (2) \| Respond to of 95453

What a great time for stock buy backs !!! Mr. Driller, want to grow your company? Buy your own rigs. They are cheap now. That may be a novel idea...merge with yourself.

To: Gator II who wrote (23845)	6/11/1998 3:00:00 PM
From: upanddown	Read Replies (2) \| Respond to of 95453

"the jury is still out" on the possibility that the major producers in OPEC are attempting to regain their power Gator, I have a hard time with an OPEC conspiracy theory. So they make some marginal projects uneconomical and they are shelved. Big deal. If oil prices then go up, the marginal projects start up again. Meanwhile, OPEC loses hundreds of billions from low oil prices. Quite an expensive lesson. I think the real problem is virulent distrust among OPEC members. No one wants to make real cuts because they assume other members will cheat and take their customers. John

To: Gator II who wrote (23845)	6/11/1998 10:36:00 PM
From: A. Fineigler	Read Replies (2) \| Respond to of 95453

Time for Occam's Razor... All this conspiracy stuff is interesting and fun to invent, however let's look at the simplest explanation ... the doofs running OPEC were just plain stupid when they raised production (by 10%?) last Fall in the face of an Asian economic crisis. It was a mind-numbingly stupid blunder, plain and simple. If you want to speculate on conspiracies, you might want to consider who gains from Indonesia's crash. The drastic drop in oil prices has been the coup de grace for their oil-funded state economy. Bunk, of course, but fun if searching for a witch. AF