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

To: Cragganmore who wrote (36885)	2/5/1999 12:42:00 PM
From: Platter	Respond to of 95453

Excerpt from Stockstowatch.com.."Halliburton Energy Services provides a wide range of services and products to provide integrated solutions to customers in the exploration, development and production of oil and natural gas. Engineering and Construction Services includes services for both land and marine activities. 7 Strong Buys and 8 Holds. No Sells. The company has been hit with low oil prices and it has fallen out of favor with the street. A value investor should be able to sleep well with this company because it is selling near its low and is a petro-drilling powerhouse....NEW..2-1-99 Bad news relative to oil prices have hit HAL hard but HAL remains a value."

To: Cragganmore who wrote (36885)	2/5/1999 12:45:00 PM
From: Mike from La.	Read Replies (6) \| Respond to of 95453

I think one of the big stories that is being overlooked is the price of natural gas. In spite of a second warm winter, and record low oil prices, gas is still going at a decent price. The last big drop, I think it was 1994, gas went down to around $1.00. It crushed drilling, but it's doing ok now. Since the cutbacks in E & P, there are sharp reductions in gas drilling, as well as oil. The number of rigs looking for gas is way down. At some point soon, they are going to need a lot of gas to meet the demand, and the price is good now. One analyst in the Oil and Gas Journal predicted a severe shortage. He said it would take every rig in the GOM working to meet the demand over the next year. Don't know if he's right, but the strength of gas prices seems to support his theory. Mike from La.