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

To: SliderOnTheBlack who wrote (33552)	12/26/1998 12:59:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Slider: I read an article several weeks ago where a money manger was quoted as saying he thought WFT could double over the next 12 months. With you and Doug hot on this firm also, if I go beyond FSESX to individual stocks, WFT probably will be the one.

To: SliderOnTheBlack who wrote (33552)	12/29/1998 5:32:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 95453

Slider, I like your posts too! Kung hei fat choi as they say in southern China, Guangdong (Canton) Province. Pronounced "kung hi fats sigh"- it's a Happy New Year's greeting and means "I wish you lots of money"! Anyone from Guangdong Province please feel free to correct me! I like WFT and RON too- there's a bunch of good compnies on sale here. The oil industry has been around since the first real discovieries in the mid-1850's in the Caspian Sea. We've seen depressions, recessions, world wars, nuclear weapons, terrorism, etc., and we're still here. Will be here in the future too- the only question for all of us is when will the uplift begin? If balance sheets and profits margins start to improve 2Q99, then that suggests that we should be buying in this sector now...... And do not forget-natural gas prices never dropped- only oil prices plunged. We are in much better financial shape as an industry than in 1986- and we are moving to reduce our cost structures to be nicely profitable on $13-15 bbl oil.... That's down from the $15/bbl planning priceused so far in the 90's.... Sincerely, Doug F.