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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH) -- Ignore unavailable to you. Want to Upgrade?

To: Dan O. who wrote (1518)	3/10/1999 8:26:00 PM
From: DISHRAIDER	Read Replies (1) \| Respond to of 2153

Howdy, Howdy, Howdy!!!!! I'm new to the thread but have been following LEAH for a while. I want to thank you all for the informative posts( positive and sometime negative )that have helped me in doing my DD. I think this is a nice little gem we have here and the risk is worth the reward IMO. All we have to do now is see what the audited results will be.

To: Dan O. who wrote (1518)	3/11/1999 2:06:00 AM
From: Baldur Fjvlnisson	Respond to of 2153

Hopes for Production Cuts Lift Price of Crude Oil March 10, 1999 NEW YORK -(Dow Jones)- Investors favored downtrodden oil and oil-service stocks Wednesday, as the price of crude oil climbed on indications that oil-producing nations may be ready to consider another round of production cutbacks. A Saudi Arabian source told Dow Jones that the oil ministers of Saudi Arabia, Venezuela and Mexico will meet soon to discuss additional output cuts. Earlier in the day, oil ministers from Saudi Arabia, Kuwait, Qatar and Oman pledged to talk with other producers about new production limits to boost sagging oil prices. "This is the first positive glimmer I've seen in the crude (oil) market in over two years," said Everen Securities Inc. analyst David Garcia. On the New York Mercantile Exchange, crude oil scheduled for April delivery soared 84 cents to settle at $14.69 a barrel, after climbing 22 cents Tuesday. Among energy stocks, Exxon shares (XON) were up 4.6%, Chevron (CHV) added 4.2% and Texaco Inc. (TX) rose 8.3%, all on heavy volume. The rally extended to shares of companies that provide goods and services for oil exploration. A long-term decline in crude prices had led many oil firms to curtail exploration activities, igniting a sell-off in oil-service issues. Shares of industry bellwether Schlumberger Ltd. (SLB) were up 5.3%, Halliburton Co. (HAL) added 11.6% and Transocean Offshore Inc. (RIG) rose 13.4%. Two rounds of production cuts by nations belonging to the Organization of Petroleum Exporting Countries and nonmembers last year were launched by meetings involving Saudi, Mexican, and Venezuelan officials in March and June. Other producers later announced their contributions to the effort, and the production-reduction agreements were ratified by OPEC within two weeks. OPEC members are scheduled to meet March 23 in Vienna. Most industry analysts estimate that another 1.5 million to two million barrels a day must be cut to eliminate the world oil glut. CIBC Oppenheimer Corp. analyst Bruce Lanni said recent industry reports suggest that the oil cartel may scale back production by an even greater amount than the 1 million to 1.5 million barrels a day that had been expected. Observers also also caution that promises to slash production must have credibility. There have been allegations of cheating among countries when oil prices creep up so compliance is needed to keep prices in check, said Jefferies & Co. analyst Magnus Fyhr.