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

To: Joseph J. Clark who wrote (31267)	10/29/1998 3:04:00 PM
From: Jamey	Respond to of 95453

Joseph, you will have to agree that the Oil Service stocks can turn on a dime as witnessed over the last several months. I would not short this sector especially with OPEC talks going on. Very dangerous IMO. Santiago

To: Joseph J. Clark who wrote (31267)	10/29/1998 3:09:00 PM
From: shust	Read Replies (2) \| Respond to of 95453

One of our dear drilling companies financial big wig told me today that there is speculation in the oil patch that the middle east reserves are not as high as stated. Particularly Saudi Arabia. These countries apparently overstate their reserves so they can have higher quotas through OPEC. This is apparently why Saudi is entertaining the big oil majors about coming to their country and finding more oil. They don't have as much as everyone thinks they have. Just something to ponder. The guy I spoke to also had to redo his budget three times. They want to keep us shareholders happy. Happy investing, shust