Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SliderOnTheBlack who wrote (39489)	3/10/1999 1:26:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

VTS gapped up today--could be a strong wave 3 building. Gaps usually happen in the middle of a move not the end.---PDE took out its 7.06 reistance, implying low is in. FLC very close, likely will get there. Jackup guys have also taken out resistance -looking good (RDC,GLM,MRL,ESV etc)

To: SliderOnTheBlack who wrote (39489)	3/10/1999 1:30:00 PM
From: SargeK	Read Replies (1) \| Respond to of 95453

The OSX -- Ever so Close quote.yahoo.com^OSX&d=1d It's like having chips all over the board and waiting for the roulette wheel to stop spinning. You can substitute lobster and steak for two vice the commission! GBG K

To: SliderOnTheBlack who wrote (39489)	3/10/1999 1:48:00 PM
From: Mike from La.	Respond to of 95453

Slider, On KMG, I bought in a couple of weeks ago. Nearly a 6% dividend at this price, which is supposed to be safe according to S & P, or one of the credit rating services. It has always been a very conservative company, but very recently has been on an acquisition and merger binge, which will make them the 4th largest independent in the US. Very good deepwater exposure, most of all the independents, good gas exposure, world's fourth largest titanium oxide (whatever that is), producer in the world. That provides a steady income. But their timing to aggressively expand looks like it was perfect and their debt ratio is still good. Plus, they have just started some major production from three new wells, two in the Gulf one in the North Sea. The North Sea well is significant enough that Prince Charles was there for the opening. Mike

To: SliderOnTheBlack who wrote (39489)	3/10/1999 8:03:00 PM
From: James Cherney	Read Replies (1) \| Respond to of 95453

SOTB...Integrated oils Yes I'm looking at PZL MRO with the latter holding most of my attention for the following reasons. 49% interest in the Permian Basin. Merger of down stream operations with Ashland taking a 62% stake in the combined Marathon-Ashland LLC..1.6B BOE with 57% in the good ole USofA with E&P global; North Sea, GOM, Saklin Island...MAP LLC operates seven refineries...Pipeline... and sells gas through 5500 outlets...Marathon operates the only LNG export business in the US... Cap $6.35B...Enterprise value of $9.75B (subtract cash $135MM add $3.5B LTD) BV= $14.75/share...yields 3.9% today... MAP partnership expects to shave $100MM in expenses this year I don't think Marvins Starvin<g>...I'm countin on pull backs tomorrow to get in to PZL&MRO

To: SliderOnTheBlack who wrote (39489)	3/10/1999 9:14:00 PM
From: James Cherney	Respond to of 95453

Slider...KMG I have a feeling I'm preaching to the choir here but KMG, although a global E&P company and chemical company, is now one of the largest non integrated upstream oil&gas companies by way of its aquisition of ORX...New company has 1B BOE world wide reserves but KMG has been selling off non core holdings including coal, refining and marketing and the nuclear fuel manufacturing. If you are looking for inter-sector diversification this might not be it...In fact KMG formed an E&P partnership last year with BP/Amoco to increase its E&P efforts...Questionable move in this environment...Return on shareholder equity has not been great for KMG or Oryx...my opinion and $1.65 will get you coffee at Starbucks<g>