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

To: Intel Trader who wrote (28437)	8/27/1998 10:31:00 AM
From: TulipMania	Respond to of 95453

(PR NEWSWIRE) Noble Affiliates Announces High Bids at Western Gulf of Mexi Noble Affiliates Announces High Bids at Western Gulf of Mexico Lease Sale ARDMORE, Okla., Aug. 27 /PRNewswire/ -- Noble Affiliates, Inc. (NYSE: NBL) today announced it submitted the high bid for eight tracts at the Western Gulf of Mexico lease sale on August 26, 1998. Noble's exploration and production subsidiary, Samedan Oil Corporation, participated in the high bid for the following tracts: WORKING APPROXIMATE WATER TRACT INTEREST PERCENT DEPTH (feet) Brazos A-71 50 154 High Island A-426 33 112 High Island A-435 33 135 East Breaks 588 100 3,828 East Breaks 632 100 3,953 East Breaks 633 100 3,930 Garden Banks 154 100 646 Garden Banks 841 40 3,576 The Company's share of the high bids, if they are accepted by the Minerals Management Service, will be $9.3 million. Noble Affiliates, Inc. is an independent energy company with exploration and production operations throughout major basins in the United States, including the Gulf of Mexico, as well as international operations primarily in Argentina, China, Ecuador, Equatorial Guinea and the North Sea. Its common stock is listed on the NYSE under the symbol "NBL." SOURCE Noble Affiliates, Inc. -0- 08/27/98 /CONTACT: William D. Dickson of Noble Affiliates, Inc., 580-223-4110/ (NBL)

To: Intel Trader who wrote (28437)	8/27/1998 10:57:00 AM
From: SliderOnTheBlack	Read Replies (5) \| Respond to of 95453

simply amazing... What really bugs me; is that now some A$$H%(#@ can merely ''rotate'' over here and drop a little cash and literally steal some great companies - with EVI RON RIG FGII FLC selling at what they are today - this is the single greatest buying opportunity I've ever seen - in any sector - ever ! This has gone beyond one of the alltime great sector Home Runs - the S&L stocks from a few years back... Bargain, value, cheap - not even adequate words here... For anyone with cash - making their ''FIRST" entry into Oils - buy here with 40-50% ! You'll still have funds for 2 remaining forrays on averaging down - however with FGII or FLC close to single digits - $9 , $6 $3 seems ludicrous - we have to be at hostile takeover levels here - DO should use some of its cash here...SLB should be like pac man here; - PGO, SCSWF, IO or CXIPY are sitting ducks here... But once again - none of this matters -99% of the worlds mutual funds are week to week, month to month & quarter to quarter return oriented - so few have the desire or ability to simply ''steal'' these companies here and ride out the ''return'' storm for a year or 2... Another thing; Don't you want to puke; literally ''hurl''; when you here these crybabies complain about ''freefall'' or ''crashes'' in the DOW stocks of 2% - TWO Percent ! - what weak sticks ! We've seen daily losses of 3-4-5-6% so often that a 2% loss is a damn rally ! I really feel sorry for those who made fundamentally sound, intelligent buys here and were on margin or had options; because the losses are 60-80% of total portfolios... Bottom's ? - why bother - once we are in single digits on FGII & FLC - zero becomes the bottom - are we gong to see some companies with cash that exceeds their market cap - what the hell are these damn fund managers thinking here !...Some of these companies have market caps of $75-$100 Million but have $15-20 million in cash !?!?! and no damn debt ...this is the most insane valuations I have ever, ever seen.... We will ultimately read about some historic returns here - one of the great run ups in history; of this I am sure; but I've learned an incredible lesson - we are unquestionably in a pure momenteum oriented market; there is virtually none - ZERO support of a sector or stock that is dead money. This is an incredible opportunity for the value funds - there are just to few of them to matter.... the David Dremans of the world who are probably the only buyers here - will have record setting returns in 2 years... I can not believe the extent that wall street has become the epitome of out ''Instant Gratification Society''... if we can't show a profit returnwise in a week or month - we aint buying it... It's gotten to where the DOW 50 and Microsoft, Dell & Lucent are virtual "Ponzi" schemes with Institutionals just ''trading'' their own money up & down...insane. One is tempted here to borrow, cash advance, leverage, bet, gamble every damn dime to ones name on companies like FLC or FGII - in single digits - it's either a fortune or bankruptcy; lets no longer play the middle here - why wait years for slow returns; retire at 40 or go broke & start over - roll the freakin dice ! - either the world is coming to an end or it is going to come to its senses - we are literally at that point in this sector - we are at the equivalent of DOW 3000 here ...these stocks have literally priced $8 oil, dayrates where the drillers could actually pay the Oil company for the opportunity to drill; is built into these prices - there can be no more bad news ! Nuclear War and Black Rain have been priced into these damn stocks ! If this aint the damn bottom - 1929 is around the corner. I am going to see how much my cash advance lines and home equity lines have available; picking up a copy of Bankruptcy Law; buy a years worth of canned goods & survival supplies (damn was LT right ?) and rolllllll the dammmmmmn dice. Oh and a bottle of Stolichnaya...