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To: shust who wrote (34693)	1/10/1999 4:47:00 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 95453

MARKET SNAPSHOT WORLD EQUITY WATCH TREASURY MARKET WATCH CURRENCY MARKET WATCH COMMODITY MARKETS WATCH •Platt's on Commodities Markets (16:47 to NY open) S&PFutures Unch. S&P 500 +5.36 DJIA +105.56 NASDAQ +18.32 30-yr Bond +0.03 More... Quotes/ Research Real-time Quote Delayed Quote Company/Fund Profile Company/Fund News Enter name or ticker MARKETS CRB/BRIDGE IX FUTR 197.72 +1.25 +0.64 Crude Oil FUTR (Feb 99) 13.02 -0.02 -0.15 Gold 100 OZ FUTR (Feb 99) 292.1 -0.4 -0.14 Silver FUTR (Mar 99) 5.29 +0.05 +0.92 Platinum FUTR (Mar 99) N/A N/A N/A Natural Gas FUTR (Feb 99) N/A -0.01 -0.33 Wheat FUTR(CBT) (Mar 99) 291 +3.75 +1.3 Corn FUTR (Mar 99) 221.5 +2 +0.91 Soybean FUTR (Mar 99) 554.5 +6.5 +1.19 Live Cattle FUTR (Feb 99) 62.45 +0.8 +1.3 Lean Hogs FUTR (Feb 99) 37.2 +0.48 +1.31 Friday January 08, 1999 (4:44 pm ET) Crude Holds Gains, but Some See Retracement Ahead NEW YORK, Jan. 08 (Standard & Poor's Platt's) - A slightly bearish February crude managed to settle above $13.00 Friday, but traders on the New York Mercantile Exchange were not ruling out the possibility of a retracement. Crude turned bearish early, dropping to a low of $12.78 on a weaker than anticipated Brent IPE, traders said. February crude ran to $13.25 in afternoon trade, turning bullish briefly, but then settled down 2 cts at $13.07. No news was moving the market Friday, said traders, who attributed the retracement to profit taking in thin volume. Technically, crude still showed signs of health. "The trend is now up but the near-term risk is for a minor pullback before the next round of buying," an analyst said. He added that the next upside target was seen at $13.80/bbl. "But a move below $12.00-11.90 aborts the recovery." The long term fundamental outlook, however, remained bearish. "Fundamentally, in the short term you have a market that is a little short," said one trader. Increased Asian demand and the Forcados shut-in are supportive, he explained, as is the "short-term blip in PADD II" caused by the recent six day Capline shut down. "But, it is just a window of opportunity," he added. The market "is not really bullish long-term." Said another trader: "I still think we are eventually going back down." Crude has rallied straight up, he explained. "There have not been any pull backs." While the trader did not foresee any new lows, a bit of bearish news, such as a drastic API stock build, could turn the market around. "This thing could easily drop down to $12.00 again," he said. Products were mixed Friday. February heating oil settled up 32 points at 36.11 cts. "Differentials are steadier in the cash market," said one trader, who attributed the boost to Friday's wintry weather as well. Unleaded settled down 67 points at 38.19 cts. Precious Metals End Mixed Gold closed slightly lower in New York today, pressured by profit taking after yesterday's strength. Silver opened lower, but rebounded as a strong U.S. jobs report created confidence in continued economic growth, which could translate into industrial demand for silver. The Clinton trial is not expected to have much, if any, impact on precious metals, a trader said. 08-Jan-1999 16:44:07 (01681118) Copyright 1999 Standard & Poor's Investment Advisory Services LLC. The information contained in this report may not be published, broadcast, rewritten or otherwise distributed without prior written consent from Standard & Poor's.

To: shust who wrote (34693)	1/10/1999 5:18:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

shust; LUKOY - I agree .... no greater potential or value exists. I look at it as an ''option'' on their vastly, quite unbelievably discounted proven reserves - forget the ''business'' value - its cents on the dollar for the Oil period. I guess the ONLY remaining risk is - that they get nationalized; but - no more risky than the expiration of a call option.. I'm not in yet; but I will be... there was a little bit of negative news on Russia this week - I'm actually waiting for another ''shoe'' to drop in Russia and then will buy on any substantial decline... this could literally be ''the" contrarian play of the 20th Century <VBG>.