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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (14539)	12/29/1998 4:02:00 AM
From: Kerm Yerman	Read Replies (6) \| Respond to of 15196

IN THE NEWS / Crude Oil Moves Up While Natural Gas Goes Down Crude-oil futures edged up Monday, reflecting further tensions with Iraq. Traders said U.S. warplane attacks on Iraqi air-defense positions in northern Iraq induced some light buying. President Clinton said U.S. pilots took "appropriate action" when they attacked Iraqi positions in northern Iraq after being fired upon, but he provided few details of the incident. Mr. Clinton said the planes returned safely to their bases. The incident followed statements by Iraq's trade minister, Mohammed Mehdi, Monday that Iraq will reject a further extension of the United Nations-supervised oil-for-food program and will demand the expulsion of all U.N. personnel working for the program. However, Mr. Mehdi quickly retracted the comments at a press briefing. (WSJ) --------------------CRUDE OIL-LIGHT SWEET--------------------- NYM - 1,000 bbl_dollars per bbl. CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Feb 99 11.25 11.56 11.24 11.46 +.23 20.79 10.75 Mar 99 11.57 11.77 11.51 11.67 +.21 20.40 11.10 Apr 99 11.76 11.96 11.76 11.92 +.19 20.79 11.35 May 99 12.00 12.25 12.00 12.15 +.16 20.79 11.63 Jun 99 12.20 12.44 12.20 12.36 +.14 20.42 11.95 Jul 99 12.44 12.60 12.44 12.57 +.12 20.40 12.20 Aug 99 12.68 12.76 12.68 12.76 +.11 20.04 12.51 Sep 99 12.88 12.98 12.88 12.95 +.10 20.33 12.76 Oct 99 13.10 13.14 13.10 13.14 +.09 20.14 12.97 Nov 99 13.25 13.33 13.25 13.33 +.08 20.60 13.17 Dec 99 13.45 13.55 13.45 13.52 +.07 20.34 13.37 Jan 00 13.67 13.70 13.67 13.70 +.06 19.88 13.57 Feb 00 13.84 13.88 13.84 13.88 +.05 20.16 13.78 Mar 00 14.00 14.06 14.00 14.06 +.05 20.10 13.96 Dec 00 15.33 15.33 15.28 15.28 +.01 20.10 15.22 Est. Sales 44891 -------------------------HEATING OIL------------------------- NYM - 42,000 gal_cents per gal CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Jan 99 32.15 32.70 32.00 32.51 +.32 59.50 31.25 Feb 99 33.15 33.60 33.00 33.31 +.12 58.50 32.40 Mar 99 33.90 34.10 33.70 33.86 +.12 58.81 33.10 Apr 99 34.35 34.55 34.15 34.26 +.12 59.00 33.70 May 99 35.00 35.00 34.71 34.71 +.12 54.56 34.30 Jun 99 35.30 35.70 35.30 35.36 +.12 52.75 35.05 Jul 99 36.10 36.30 36.10 36.11 +.12 52.90 35.85 Aug 99 37.10 37.10 36.91 36.91 +.12 50.55 36.70 Nov 99 39.80 39.80 39.46 39.46 +.12 52.44 39.34 Dec 99 40.80 40.80 40.31 40.31 +.12 52.70 40.20 Jan 00 41.25 41.25 40.86 40.86 +.12 50.75 40.74 Feb 00 41.40 41.40 40.86 40.86 +.12 50.08 40.74 Mar 00 41.45 41.45 40.71 40.71 +.12 50.60 40.59 Est. Sales 31367 NYMEX natural gas ends down, front months hit new lows NYMEX Hub natural gas ended lower across the board Monday in fairly active trade, with front months driven to new lows by concerns about a huge storage overhang and mild weather early in the week, sources said. January, which expires Tuesday, skidded 9.3 cents to close at $1.788 per million British thermal units after diving late to a new contract low of $1.78. February, which also set a new benchmark of $1.78, settled 8.9 cents lower at $1.789. Other deferreds finished down 0.2 to 6.3 cents. ''There was good MOC (market-on-close) selling today just like on Thursday. We could go a little lower, but there's a little (cold) weather coming in,'' said one Texas-based trader. While the prospects for colder weather later this week may limit the downside near-term, many traders expected bloated storage eventually to drive the market lower unless much colder temperatures arrive. WSC expects East Coast temperatures to start the week at four to nine degrees F above normal, then cool to as much as 11 degrees below normal Thursday before moderating to near normal by the weekend. The Midwest will see a similar pattern, with above normal readings Monday and Tuesday cooling to as much as 12 degrees below normal Thursday, then warming to normal or slightly above normal Friday and Saturday. In Texas and the West, temperatures mostly will average above seasonal for the week. The NWS six- to 10-day forecast released late Monday calls for below normal temperatures in the upper Midwest and Great Lakes, with normal readings expected for the Gulf Coast and Southeast. Most of the western half of the nation and New England will average above normal. Technical traders noted January broke key support today and set a new contract low of $1.78. Major buying should emerge at $1.61, which is the spot continuation low for the year. Minor resistance was seen in today's gap at $1.84-1.86, but only a close above key resistance in the $2.12-2.19 gap will turn sentiment bullish. Next resistance was seen in the mid-$2.30s. In the cash Monday, Henry Hub swing quotes skidded about a dime to near the $1.80 level. Midcon pipes slipped about a nickel to the mid-to-high $1.70s. In the West, El Paso Permian was more than 10 cents lower in the low-$1.70s. Gas at the New York city gate was pegged more than five cents lower in the low-to-mid $2.20s, while Chicago was down eight cents to $1.86. The NYMEX 12-month Henry Hub strip slipped 4.5 cents to $1.937. NYMEX said an estimated 86,466 Hub contracts traded today, up sharply from Thursday's revised tally of 24,108. NYMEX will close at 1300 EST Thursday and will be closed Friday for the New Year's Day holiday. --------------------------NATURAL GAS------------------------- NYM - 10,000 mm british thermal units. CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Jan 99 1.820 1.840 1.780 1.788 -.093 2.950 1.780 Feb 99 1.820 1.840 1.780 1.789 -.089 2.770 1.780 Mar 99 1.840 1.845 1.815 1.820 -.063 2.600 1.815 Apr 99 1.840 1.840 1.810 1.820 -.049 2.440 1.810 May 99 1.860 1.870 1.845 1.847 -.043 2.380 1.845 Jun 99 1.900 1.900 1.870 1.877 -.038 2.380 1.860 Jul 99 1.925 1.930 1.900 1.905 -.032 2.390 1.900 Aug 99 1.950 1.960 1.930 1.935 -.030 2.390 1.930 Sep 99 1.975 1.985 1.960 1.965 -.027 2.380 1.960 Oct 99 2.025 2.035 2.005 2.015 -.025 2.415 2.005 Nov 99 2.180 2.185 2.160 2.160 -.025 2.535 2.140 Dec 99 2.340 2.340 2.320 2.320 -.025 2.680 2.213 Jan 00 2.400 2.400 2.380 2.388 -.022 2.655 2.320 Feb 00 2.325 2.325 2.305 2.307 -.019 2.545 2.305 Mar 00 2.225 2.225 2.215 2.208 -.018 2.426 2.210 Apr 00 2.135 2.135 2.120 2.118 -.017 2.320 2.120 May 00 2.110 2.110 2.095 2.093 -.017 2.300 2.095 Jun 00 2.114 2.114 2.100 2.097 -.017 2.308 2.099 Jul 00 2.120 2.120 2.120 2.109 -.015 2.320 2.099 Aug 00 2.135 2.135 2.135 2.117 -.013 2.320 2.102 Est. Sales 86466 ------------------------UNLEADED GAS-------------------------- NYM - 42,000 gal_cents per gal CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Jan 99 33.15 34.90 33.15 34.41 +1.27 51.30 32.50 Feb 99 34.63 36.10 34.60 35.68 +1.05 52.75 34.10 Mar 99 36.30 37.05 36.05 36.98 +.85 52.30 35.60 Apr 99 39.60 40.18 39.60 40.18 +.80 55.00 38.70 May 99 40.50 41.30 40.50 41.08 +.70 55.83 39.90 Jun 99 41.25 41.75 41.10 41.73 +.60 54.70 40.70 Est. Sales 25664

To: Kerm Yerman who wrote (14539)	1/2/1999 2:29:00 PM
From: Jim Durward	Read Replies (5) \| Respond to of 15196

Is this the Holy Grail? Imagine a full-coverage well log image database that goes all the way back to the late 40's. Then imagine sophisticated pattern recognition being applied to reveal by-passed hydrocarbon. This is one initiative at International Datashare Corporation (TSE - "IED"). This Company has been listed on the TSE for 30 years and is a leader in data, data analysis, and information management. In the past, the Company simply sold datasets and database management systems but is now evolving into an "interpreter" of that data seeking to capitalize more directly on the knowledge held within its databases.