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

To: diana g who wrote (30191)	9/30/1998 9:38:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

OPEC countries; especially Saudi - have vastly overstated reserves - ...the reason for overstating reserves, is that production quotas are based upon being able to produce a percentage of proven reserves. Bigger reserve #'s equals bigger production quotas! Lesson here folks... <<Tuesday September 29, 11:45 pm Eastern Time WASHINGTON (AP) -- Saudi Arabia has asked U.S. oil companies to submit proposals for helping the kingdom explore and develop existing and new oil and gas fields, The Washington Post reported Wednesday. >> ...so guess what; Saudi & other OPEC countries have vastly over-stated reserves so that they can maximize production; and now - they are ''owning up'' that they actually need to focus on increasing reserves and/or production efficiencies.... Gotta think outside the box here; sometimes things are not what they seem... PS: Bruce Lanni of CIBC Oppenheimer just appeared on CNBC - this mental giant actually discovered that in the last 5 major crude oil price retractions; that the major Oils actually outperformed the overall market ! ....and to think this guy makes about $500K per year to come up with this stuff....unbelieveable...he also spoke to a bit of a possible crude price contraction and possible correction in the major oils.... says the move in crude is weather related - another Duhhh - award there.... What about El Nino --- amazing; it can go down on weather related factors, but if it goes back up; merely returning to equilibrium levels - then ''it's just weather related''.... damn nice job this guy has - getting paid for these revelations... Economics #101; added liquidity and economic stimulus (rate cuts) will lead to inflationary pressure on Industrial commodities and guess what the worlds #1 Industrial commodity is ? The world is in synch on a worldwide stimulation and liquidity policy ... crude Oil has never offered such an opportunity in our lifetime... this is not ''Rocket Science'' here folks; and there is not any coincidence that the major investment houses will be spewing a slew of bad news (downgrades, earnings cuts-rightfully so) here in one final shakeout - while they will be buying en masse...get your wallets out - I'm seeing one last bite at the ''bottom'' apple here shortly.

To: diana g who wrote (30191)	9/30/1998 9:41:00 AM
From: Harold S.	Read Replies (1) \| Respond to of 95453

I was wondering if someone could give me a couple natural gas stocks that look good to them??? Thanks for the advice...any opinions welcome.

To: diana g who wrote (30191)	10/12/1998 9:09:00 AM
From: diana g	Read Replies (2) \| Respond to of 95453

Woodside sees negative oil price outlook biz.yahoo.com <<<PERTH, Oct 12 (Reuters) - Woodside Petroleum Ltd said on Monday the outlook for oil prices was negative.... Akehurst also said low oil prices were causing uncertainty among producers planning long-term capital investments.... OPEC is struggling to maintain oil production at current levels given the bleak outlook.... Akehusrt predicted a ''flood of new production'' on the world market in the next decade. >>> -----Comments, anyone???-----