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

To: Gary Burton who wrote (43926)	5/4/1999 9:58:00 PM
From: paul feldman	Respond to of 95453

Anybody follow REP?

To: Gary Burton who wrote (43926)	5/4/1999 10:02:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Natural Gas news... bloomberg.com << ''The low rig count will definitely have an impact, there's already less gas in the market,'' ...., ''they are starting to get the rigs going again, but the word I get is it'll take four months to get new supply.'' Natural gas for June delivery at the Henry Hub in Louisiana rose 4.8 cents, or 2.1 percent, to $2.359 per million British thermal units on the New York Mercantile Exchange, the highest closing price since Nov. 13. Prices are up 45 percent since reaching a three-year low Feb. 26, and are 4.5 percent higher than a year ago.>> xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Buy pure play USA Nat Gas E&P's - do it. - who cares if OPEC cheats !

To: Gary Burton who wrote (43926)	5/4/1999 10:46:00 PM
From: JGreg	Respond to of 95453

From Infobeat: World oil producers who have traditionally offered only lip service about cutting output are putting their words into action. The result will be higher crude oil prices around the globe and probably more gasoline price hikes for Americans. An eagerly awaited report from the Organization of Petroleum Exporting Countries this week or next is expected to show that OPEC members are abiding by their recent pledge to trim production. Analysts said Tuesday that could help push crude above $20 a barrel, nearly twice was it was last December. As a result, higher gasoline prices will be with us for the foreseeable future. ''We probably won't see any huge increases like the spike we had for the six-week period from mid-March through April,'' AAA spokesman Jerry Cheske said Tuesday. ''The way things are now, prices might rise another nickel a gallon or may even have peaked, but they're not going to go down again soon.'' (AP)