Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SliderOnTheBlack who wrote (30300)	10/3/1998 5:23:00 PM
From: Snowshoe	Read Replies (2) \| Respond to of 95453

Slider, I'm vaguely aware of FEN but I don't follow it. I'm not in the oil bidness, but like many Alaskans I pay attention to oil prices because much of our state budget is based on oil income. One interesting local story I read earlier this summer... Oil industry is experimenting with using flexible piping on the North Slope. Apparently the same sort of stuff they use to transport oil underwater in the GOM. They're laying it right on the tundra and running it thru ponds. Should greatly reduce the environmental impact of rigid piping and the associated gravel roads and pads. More tidbits... Had a crew in last weekend building a shed in my back yard. One of the guys was a laid-off pipe-fitter from the North Slope... Then I read there was a big shortage of pipe-fitters etc. down on the Kenai Peninsula where they are building modules for the North Slope. -Greg

To: SliderOnTheBlack who wrote (30300)	10/3/1998 5:26:00 PM
From: Paul Angell	Read Replies (1) \| Respond to of 95453

Slider, I don't know much about FEN but they have definitely been in the news recently. I will look into them, now that you have flagged them to me. I am closely watching Anardarko (APC). MSDW had a strong buy rating on them back when they were trading at 31, with a target price of 43. I believe they will make this target as MSDW tend to be very conservative with their price targets. They just signed an agreement for exclusive drilling rights on millions of acres of Native lands in Alaska. They also made a huge gas discovery in Algeria recently and are very active in the lower 48 states gas drilling. They are obviously a savvy outfit and their exposure to gas in US and elsewhere makes them a good investment. However, I am particularly interested in their agreement to drill native lands. This makes them a takeover target IMHO. The likely predators would be XON, ARC, CHV or BP. Best regards, Paul.

To: SliderOnTheBlack who wrote (30300)	10/3/1998 9:36:00 PM
From: articwarrior	Respond to of 95453

I will get info from a prof. of economics on this area. One of the guest speakers is the oil land sales and taxation dude! Got a friend going to this class this semester and will have her ask the question. Will post answer. Also will try to locate handout maps of oil and mineral rental rights by company( who has temp development rights). If interested can someone get me a site to upload to? The info is public info...Couldn't get info on just how much reserves are in ANWR though. I got a couple of educated guesses. This guy said he couldn't give up that kind of data. Interesting though several of the students of this class work at the think tanks at BP and Arco. They also didn't give up anything worthwhile but had some great insight as to the economics behind oil development in Alaska. For the other two amigo's the course is ECON 300 by professor Gunter Knapp (Very well know for providing help to Salmon industry) and easy to understand. Best part is the guest speakers are current State economists with excellent info on the economy of Alaska and oil industry data.