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

To: Big Dog who wrote (31054)	10/23/1998 11:38:00 AM
From: Nello Filippone	Respond to of 95453

Big Dog, What do you think about this? DB 11:22 WHITE HOUSE LOBBYING OIL FIRMS FOR PIPELINE TO TURKEY. Maybe they will give in on the pipeline if the House passes that little 24MB buy of crude for the SPR? Nello

To: Big Dog who wrote (31054)	10/23/1998 12:29:00 PM
From: dfloydr	Read Replies (2) \| Respond to of 95453

Hi Big Dog: I have been thinking about the discrepancy between your latest view of the oil industry and the recent market uptick in various drillers and suppliers to the industry. I wonder whether in your business you are not perhaps looking at the ground under your feet .... ie: the latest and worst day rate for the rigs your trade ... and perhaps the market is trying to look at the horizon out there six months or a year away. I am no oil industry guru although I have had an eye on it since about 1975. Still, I remember pilots crying about the prospects for airlines about four years ago after a long string of troubles ... and they had not noticed that passengers like me were getting more and more crowded in the back of the plane. This does not mean that the market is right, just that it has a different perspective from that of the day to day operator or participant. By the way, what did you learn in Norway? ANy news on OCR? Floyd

To: Big Dog who wrote (31054)	10/23/1998 2:58:00 PM
From: XOsDaWAY2GO	Read Replies (1) \| Respond to of 95453

It reminds me of last October when everyone was talking about the fundamentals still being good and the stocks kept going down. Now the fundamentals are lousy, and they keep going up. Why? $64 question, but TA sure looks more valuable than FA with the above scenario in mind.