What the hell happend? Did you fall off the camel
and land on your head? What is the new name for your
death spiral. I was almost convinced to short PKD and
cover at 1.00.(Not) As we say down here in Georgia "I
heard That or You got that Right". Peace
nay,o cutter of butts, you racist swine, my
knowledge of texas is rather extensive due to the many
texas bozos, assholes, jerks, losers, and texas
dickheads that used to occupy my country. after we gave up
trying to glean knowledge from these infidels we kicked
them out of our desserts. my education took place at
the great school of Mohammed the Great God called, U
of Allah, where i majored in camel husbandry and
camel mid-wifery,specializing in camels with 3 humps, i
am proudly known as Khalid Raghiv Camel Azziz Humper
in my native country...i hear your gross fat ugly
wife bleating for me and i must go to service her. she
prefers me to the camels she usually humps
nay,o cutter of butts,no tea sip here,my
knowledge of texas is rather extensive due to the many
texas roughnecks and tourists that used to occupy my
country. after we gleaned all the knowledge we could from
these infidels we kicked them out of our deserts. my
education took place at the great school of mohammed
called,, u of mo.where i majored in camel husbandry and
wifery,specializing in camel humps, i am proudly known as a camel
humper in my native country...i hear my judas goat
bleating for me and i must go.
to khalidr-there is no god named allah-you are an
ignorant fool for believing in islam. what a bunch of
clowns you follow. if it weren't for oil in the middle
east and parts of africa, your crappy religious
statehoods would be as poor and worthless as malaysia. i've
watched you repeatedly post a bunch of bullshit on this
message board. you are never right about anything you
ignorant camel jockey or you just might be a dune coon
(which is it?) all that talk of tnt and blowing things
up is so typical of your ignoranous religion. i mean
come on, do you think God would talk to some desert
baboon named muhammed? now to khalidp-you must have gone
to or now attending the univ of texas..the reason i
say is because of your little "hookem"
Wednesday April 28, 6:24 pm Eastern Time
climbs again, shares rise despite poor earnings
NEW YORK, April 28 (Reuters) -
Oil prices resumed their long recovery on Wednesday,
again hitting highs not seen since the end of 1997
after getting a turbo charge from reports showing a
drop in U.S. crude inventories.
The firm oil
price put the energy sector as a whole back on a rising
track, lifting major oil companies and oil service
shares by between 3 percent and 8 percent, while broader
share indices moved little.
Crude futures for
June delivery on the New York Mercantile Exchange
(NYMEX) soared to a 16-month high of $18.54 a barrel --
the highest since Dec. 18, 1997, when it touched
$18.65 -- before settling Wednesday at $18.45, up 64
cents on the day.
Unleaded gasoline futures for
May delivery on NYMEX also rose, settling at 53.89
cents a gallon, up 1.29 cents from Tuesday, while May
heating oil futures ended up 1.06 cents at 44.11 cents a
``The market has been freewheeling on the upside and
continues to do so in response to the'' latest inventory
decline, said C.W. Hornsby, an independent Houston oil
The market also took comfort from a monthly Reuters
survey of oil consultants estimating that the
Organization of Petroleum Exporting Countries, excluding
exempt Iraq, cut production by 1.46 million barrels per
day in April, a high level of compliance with pledged
cuts of 1.716 million bpd, which took effect at the
start of the month. Non-OPEC oil producers also agreed
to cut output or exports by 388,000 bpd as part of
that March agreement, bringing the total in pledged
cuts to 2.1 million bpd.
Claudia LaCovey, a
senior analyst at Bethesda, Md.-based Analytics Research
Corp., saw June futures' next near-term target as
$18.60, followed by a run at $18.98.
there is no indication that the trend is going to
change. We expect prices to continue to move higher,''
However, some analysts struck a note
of caution, especially about the reports from the
American Petroleum Institute, a Washington-based trade
group, and the government's Energy Information Agency.
In their weekly analysis, both showed a drop in
crude inventories and refinery activity, though
volatile seasonal swings might have accounted for the
reversal of the recent trend.
``We're curious as to
what may really be going on behind the numbers,''
noted Tim Evans of Pegasus Econometrics in New
Nevertheless, the bullish outlook won the day, and shares rose
across the board, despite the recent crop of sharply
lower first-quarter earnings. The oil sector was again
boosted as big investors switched out of ``growth''
sectors, like high-tech and pharmaceuticals, and into
``cyclicals,'' which has been a big factor in boosting the
shares of oil and oil services firms from 40 percent to
80 percent in the last two months.
Wednesday, Unocal Corp. (UCL - news), a California-based oil
and gas company, said first-quarter profits fell by
more than 70 percent year-on-year because of depressed
prices and lower production.
But Unocal shares
shot up $4.6875 to $44.25 on Wednesday in composite
New York Stock Exchange trading.
oil company shares gained, driving the S&P
International Oil Index (.SPOILI - news) tracking major
integrated oil companies up over 5.00 percent to a 52-week
high of 991.96 on Wednesday, before it ebbed a bit to
end at 977.45, up 3.52 percent on the
Thats the kind of good news I've been waiting to
Now all we need is a conformation between PKD and
Exxon,Mobil,or Socar on a drilling contract.
The only down
side is, is if they are waiting on the seismic it
could take upwords of a year before they are ready to
make some hole.
I think I'll start checking out
some pipeline contractors such as possibly Brown and
Root because if they hit some major pay they are
definetly going to need a "Major Pipeline" in the
happy trading> doglegs
The below excerpts from a Houston Chronicle
(online) article regarding agreement signings (primarily
"deepwater," however) in the area Parker has designated as the
'future' of the company has to be considered newsworthy,
in my opinion.
1999, 09:31 p.m.
>>Three U.S. oil
companies sign Azerbaijani exploration pacts
Copyright 1999 Houston Chronicle Washington
>>WASHINGTON -- Three American oil companies -- Exxon Corp.,
Mobil Corp. and Moncrief Oil International -- signed
agreements Tuesday to explore for oil in the former Soviet
republic of Azerbaijan.
Heydar Aliyev said at a signing ceremony in
Washington that the three projects -- if fully successful --
could mean $10 billion of investment over the next 30
years for the Caspian Sea nation.
affiliate Exxon Exploration and Production Caspian Sea
Ltd., based in Houston and Baku, signed a deal to
explore a 250-square-mile block in a deepwater portion of
the Caspian Sea.
The block, located about 75
miles southeast of Baku, the Azerbaijani capital,
contains the Zafar and Mashal geologic structures. Water
depths range from 1,800 to 2,900 feet.
forward to beginning exploration activities in the near
future," said K.T. "Terry" Koonce, president of the Exxon
affiliate. "While the Zafar/Mashal Block is believed to be a
very attractive prospect, drilling will be required to
confirm the presence of hydrocarbons."
hold a 30 percent stake in the project. Azerbaijan's
state-owned oil company, Socar, will hold a 50 percent
interest and a yet-to-be-named third oil company will hold
the remaining 20 percent share.
Va.-based Mobil will explore a 316-square-mile, deepwater
block in the Caspian about 130 miles south of Baku.
Located in waters ranging from 1,150 to 2,300 feet, the
block contains the Savalan, Dalga, Lerik-Deniz and
Janub prospects. As with the Exxon project, Mobil will
hold a 30 percent share, Socar a 50 percent stake and
an undesignated player will hold the remainder.
Mobil has committed to conduct seismic work on the
project and drill at least two wells over the next three
Fort Worth-based Moncrief will explore an
onshore block in the Kura River Valley, about 60 miles
southwest of Baku. Moncrief holds an 80 percent stake in
that project, with Socar taking a 20 percent stake.
Both Exxon and Mobil already are involved in the
companies' increased investment in the region comes at a
time when some competitors are scaling back their
investments, frustrated by disappointing exploration efforts
and deterred by the cost of transporting oil out of