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

To: marc chatman who wrote (42067)	4/12/1999 8:33:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 95453

The enegy conference is in New Orleans and is sponsored by Howard Weil. Typically a few stocks will get a bump from this...like RDC who is presenting, for one. big loosbrock.com

To: marc chatman who wrote (42067)	4/12/1999 8:50:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Howard Weil Energy Conference & positive news...per CNBC note ...at this conference there are only 2 types of stories to tell; the first is about how much more money they will make when the tide finally turns and rising Oil prices finally drive higher drilling activity, dayrates etc; or, the story of how higher Oil prices are making you more money right here-right now.... which one do you want to ''buy'' ? - not a difficult question. I'll take the undervalued E&P plays here; XTO was a gift last week on its dip to the $6's....OEI presents today by the way and any small/mid cap Nat Gas weighted stocks would be an especially good place to start... ******************************************************************************* bloomberg.com Energy News Mon, 12 Apr 1999, 8:33am EDT World Petroleum Producers Aim for $21/Barrel With Output Cuts, Egypt Says Cairo, April 11 (Bloomberg) -- World oil producers cut global supply last month by 2.7 percent in order to remove an oil glut and boost prices to a target level of $21 for a barrel of Brent crude, Egypt's oil minister said. Pre -OPEC reporting news is looking positive as well: 4/12 Iran's Oil Production Falls by 121,000 Barrels a Day in March, MEES Says ******************************************************************************** Lots of good news out there the last few days; odds keep getting better & better for positive OPEC compliance. The $64 question remains - how soon untill we see higher drilling activity, dayrates and some cap ex spending out there... The sentiment could be changing to where OSX 85ish is not unrealistic even with current fundamentals - the positive compliance by OPEC alone could push us to 85ish - but, dayrates, utilization and new equip orders will be a prequisite to stay there, or to march to OSX 100. Still lots of laggards - good stockpicking enviroment.