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

To: SliderOnTheBlack who wrote (43540)	4/29/1999 5:49:00 PM
From: ItsAllCyclical	Respond to of 95453

TCMS does all of it's work in shallow water (0-200) feet. Since shallow water appears like it'll recover faster than deep I'd say TCMS may come back faster than people think. We need to find out % wise how much TCMS gets for maintenance vs how much of their revenue/profit is from fabrication. Like UFAB it appears they do both. Note, book value by most estimates is $5-6 not 11-12 like yahoo would have you believe. I guess there is some good will due to acquisitions in that yahoo book value. However, it's still one of the few profitable, relatively small debt, highly depressed stocks in the OSX. Just my 2 cents.

To: SliderOnTheBlack who wrote (43540)	4/29/1999 6:13:00 PM
From: Big Dog	Read Replies (6) \| Respond to of 95453

I'm gonna go buy a pie. big loosbrock.com

To: SliderOnTheBlack who wrote (43540)	4/29/1999 7:40:00 PM
From: BigBull	Respond to of 95453

Slider, Glad to say I missed the August/September Debacle, I was 100% in cash. I do however remember the dark days of December and January when Deutsche Morgan unleashed one their idiot wind brain dead oil patch analysts on the world. Remember Him?! He of the DEATH SPIRAL, DRACONIAN CUTS. He delivered his marvelous Phillipic RIGHT AT THE BOTTOM! I remember cause I posted it, and told every one that it made me FEROCIOUS BULLISH! Remember how I was ridiculed for my remarks? If these clowns can't a bottom right, do you really expect me to believe they can get anywhere near calling a top right? Bottoms are notoriously easier to call than tops. TESOF is about to go Vesuvious. Kinda like a "controlled blowout". If the biggies want to be a "one stop shop" then they are going to want someone who can do underbalanced drilling. TESOF has the tools, they can satisfy. They are a leader in developing the technique. I'm looking for someone to snap these guys up. When? I have no idea. Guess I just have to hold <vbg>. BTW the TESOF chart is a thing of absolute beauty. DaVinci Dog couldn't have drawn it better HIMSELF. Will rotate some profits into HOFF if that doesn't take off too soon. Please everyone don't buy HOFF, don't even take a look. Short it, send it to oblivion! Damn Slider, I keep making money by the boat load on your picks but I keep selling WAY TO SOON! <vbg> I think I see a pattern here. I'm going to see my shrink and ask him what to do. Nah! I know what he'll say already: "HEY STUPIDO, GET YOUR GD DMNED ITCHY FINGERS OFF THE SELL BUTTON" <vvvvvvvvvvvvvvvvbbbbbbbbbbbbbbbbbbbbbbbbbbggggggggggggggggggggggggg>

To: SliderOnTheBlack who wrote (43540)	4/29/1999 9:00:00 PM
From: BigBull	Respond to of 95453

Just another brick in the "wall of worry" biz.yahoo.com When these jerks are screaming buy buy buy, instead of "too far too fast" then I'm with you, the top will be near. Damn Slider, is the Slobber going to break out yet AGAIN tomorrow? Well the h&s bottom minimum target is SLOB at 70. Who was that guy who said "TA is BUNK"! Sure looks like he's getting an education in Bull Market 101.

To: SliderOnTheBlack who wrote (43540)	4/29/1999 9:23:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Whoa Slider - Deys tooooo many Kat a Lists gwine on oud deya! - Energy News Thu, 29 Apr 1999, 9:17pm EDT N.Y. Gasoline Rises to 16-Month High as Refiners Seen Cutting Production Gasoline Rises to 16-month High as Refiners Cut Production New York, April 29 (Bloomberg) -- Gasoline rose for a third day, reaching a 16-month high, on anticipation that supplies will be leaner in coming weeks as thin profit margins force refiners to trim output. Refinery margins have plunged 28 percent this month, based on futures market prices, as crude oil rose faster than gasoline and heating oil. European refineries run by the Royal Dutch/Shell Group reduced crude processing by 10 percent, Platt's Global Alert reported, and traders now expect U.S. refiners to slow production for a second week. ''Refiners are cutting back and that certainly gave the market a leg up today,'' said Nauman Barakat, vice president of futures investments at Prudential Securities in New York. Gasoline for May delivery rose 1.33 cent, or 2.5 percent, to 55.22 a gallon on the New York Mercantile Exchange, the highest price since Dec. 26, 1998. Heating oil for May delivery increased 0.68 cent, or 1.5 percent, to 44.79 cents a gallon. Crude oil for June delivery rose 8 cents to $18.53 a barrel on the Nymex, reaching a 16-month high for a second day. Shell Cutbacks Shell will probably reduce its production by at least 100,000 barrels a day for a couple of weeks, Platt's said. The American Petroleum Institute said Tuesday that U.S. refining rates fell 1.4 percentage points last week, the first decline in five weeks. Imports of gasoline soared 58 percent last week, part of a 1.03 million barrel surge in petroleum product shipments to the U.S. Demand for gasoline increased 6 percent, according to API figures. Crude oil was little changed as traders anticipated that oil exporters will cut production as promised, reducing a worldwide surplus. Prices have rallied 50 percent since the beginning of March, when producers began discussing a round of output cuts. OPEC members now may do a better job of complying with pledges to trim output than they did with earlier cuts, as the rally may make revenue higher now than it was at the start of the year, when more barrels were sold. ''OPEC will make the cuts,'' said Al Zappulla, a trader at ABN Amro Inc. in New York. ''They know that if they do, they can make up for the difference in volume with higher prices.'' In London, June Brent crude oil was up 5 cents at $16.45 a barrel on the International Petroleum Exchange. Even though OPEC members are selling fewer barrels, revenue may have grown substantially because of higher prices. Saudi Revenue Saudi Arabia's revenue from oil sales may have climbed by more than 50 percent from early March, even if it trimmed production by the promised 585,000 barrels a day. Its Arab Light grade of crude, for example, sold for $8.13 a barrel on March 1 and goes for $14.32 a barrel today. The 10 members of the Organization of Petroleum Exporting Countries involved in the output-cutting agreement are trying to maintain higher prices, after crude fell to a 12-year low in December. Production by the 11th member, Iraq, is controlled by the United Nations. OPEC and a group of independent producers that includes Mexico and Norway have pledged to reduce world output by more than 5 million barrels a day in a series of agreements stretching back to last April. The latest agreement, made in March, took effect this month. OPEC's record in adhering to output reductions promised last year was spotty. OPEC members met 78 percent of the cuts they promised for March, according to Bloomberg estimates. -------------------------------------------------------------------------------- © Copyright 1999, Bloomberg L.P. All Rights Reserved.