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

To: Wowzer who wrote (45393)	5/25/1999 10:23:00 AM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

Traded some FLC for some more VGCO and OIL this morning. Normally not a trader but the opportunities were too good to pass up. Besides, I was overweighted in FLC. Anyone else trading today?

To: Wowzer who wrote (45393)	5/25/1999 10:26:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Reuter's reports that Merrill Lynch has raised its 1999 average BRENT price projection from $13.50 to $15. $15 brent approximates $17 WTI -- about where we are now. They feel there is too much excess capacity in the world to support a sustained move above $18 brent anytime soon.