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

To: Gerald F Bunch who wrote (39477)	3/10/1999 1:05:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

WOW ! .... Sarge - going new Boat shopping ? Simply amazing... I continue to take profits in Drillers & Service companies - but, not trying to rain on the incredible parade today in the patch ! My play is to cash in most of my chips here and rotate into lagging E&P plays. I will NOT let this one get away. PS - the E&P sector is ''STILL'' part of the Oilpatch by the way ! I just think that our little move - make that our BIG move is fully pricing in OPEC cuts. I now have most of my profits in CASH & in the till... The reason I am rotating into E&P's is that they have lagged this move and imho; they actually receive more ''REAL'' benefit from rising crude prices in their actual nearterm revenue & earnings than do the drillers & service co's. ARC (Arco) for example goes up .60 cents eps for every $1 in Oil price increase; MRO (marathon) real cheap and leveraged to this move. I bought small cap E&P's as my favs here - own MARY EVER MLRC, still some FEN (risk play) RRC FXEN AXAS - cheapies... I think these guys get to keep the cash so to speak; where the drillers must wait for dayrates to increase etc... also, per an earlier question - I do like CK COOPERS - ROYL call as a strong buy as well. AXAS BNO CHK MLRC NEV PZE VPI SEV and other small cap E&P's all up over + 10% today... just a suggestion to those that want to take some profits - there are laggards still out there... even my 2 laggard plays OMNI & HLX are up today - go figure ? People; just think twice about not taking ''some'' profits here... ask yourselves how much we can fall if OPEC does not cut (allthough things look promising) versus how much further we can rise if they do cut.. ? . or, if we are due for a retracement even if they do cut - as the ''CUT'' may be priced in here...? It isn't yours unless you cash some in... PS --- My 'Ole Buddy - Gerald F Bunch - HOOOO HAHHH !!! NOESIS - SCHMOSIS ! - George Clemens - will go into the scorebook as ''Wrong Way Clemens'' the $8 buffoon ! Hey, thanks for all the prior well wishing Gerald; I am ESPECIALLY happy to see ''you'' back here ! <VBG> ! ...honestly ...anyone else wonder why a guy (NOESIS) who is ''supposed'' to be a neutral crude oil price analyst - seems to try so hard to ''spin'' any and all good news of late ? ...not to mention the revisions and the hedges...