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To: Larry S. who wrote (18183)	1/1/1999 4:39:00 PM
From: pz	Read Replies (1) \| Respond to of 53068

Chat KEG Larry, I personally wouldn't touch KEG here. They came into our area and bought up some of our local drillers and now hardly a single rig that they purchased is working. In my opinion buying a land driller is playing with fire. Some of these guys are heading for bankruptcy. Sam will probably say that KEG isn't JUST into land drillers, which is true....but from what I see....VERY ugly. Paul

To: Larry S. who wrote (18183)	1/1/1999 8:23:00 PM
From: Sam Ferguson	Respond to of 53068

Chat KEG Larry I like the company very much but oils are still very iffy here. KEG will work through this I'm sure and as Paul says they have most of their income in other than drilling. I can foresee many things that could possibly bring reversal in a hurry. N. Korea, China, Iran & Saddam especially could choose to cause trouble while we are divided in government and impeachment proceedings. Also El Nino heat wave is usually followed by severe winters in the ensuing years which could bring oils back. Saudi could adjust their monetary values instead of holding back oil or selling so cheap. I would wait for a consistent volume rise and miss the few bucks or be prepared for a real long term hold. I have taken a beating on this one so probabably a poor one to ask. When worthless internets sell so high and oils sell so cheap how can anyone put a value on stocks? Have you considered EMC? To me it is one of the prime internet plays but is still selling in 80's. My picks for 99 are EMC - ATF - MRK. Or internet - Cable,phone - and drugs. Should be fair return with risk involved.