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

To: SliderOnTheBlack who wrote (40765)	3/24/1999 2:10:00 PM
From: Mike from La.	Respond to of 95453

Slider, you may be being a little too tough on NOESIS. He is dealing with real numbers, and I'd look at what he's doing as more of a trailing/present indicator of the industry, and take the projections of future prices with the same grain of salt I use on all projections. I think he is giving us the most accurate snapshot possible of the present state of supplies, refinery runs etc. But, as we all know, including those in the OPEC contest, looking past the immediate future is a tough business, subject to all the unknowns that you point out. I like the NOESIS analysis because it tells a whether the projections I made in the past are now coming into effect. Mike

To: SliderOnTheBlack who wrote (40765)	3/24/1999 4:48:00 PM
From: Gary Burton	Read Replies (2) \| Respond to of 95453

Slider--In looking for lagging ones, I stumbled across OIL, about which I know little about, other than HM bought conv pfds (conv at 17.50) and it seems to be a one trick pony in an unstable area (y2k risk? political?)...Is there anything good about this one that is shall we say underappreciated by the market at the moment-relative to where it is trading at of course? For eg do you have any idea what its reserves are worth at $15 oil?I am tempted to take a flyer here.