Replies to post #3925 on Delta Mining & Exploration (fka DMXC)

[HonestInjun]

PRODUCERS OILFIELD (T-POS) $8.95 +0.01
Yesterday’s announcement by the Federal Government
that they might be looking to fund $500 million over ten
years for native issues associated with the Mackenzie
River Pipeline could be significant for many reasons.
Brendan Kyne of the Leeward Hedge Funds Inc. suggests
that the next big theme in energy will probably by the
Mackenzie pipeline plays. His top pick is Producers Oilfield
Svcs Inc (POS-T), which he thinks could make a $0.40 profit
this year and a $0.65 plus in 06. Kyne suggests that they
dominate the trucking of equipment and waste in the
north country and if a pipeline is built it will explode their
business for the next decade. He also suggests that the
stock will be $13 to $14, 12 months from now with little
risk.
Page 2 David Pescod 780-408-1750 Debbie Lewis 780-408-1748 Sandra Wicks 780-408-1749
CRUDE OIL: $58.35 -0.34
Oil inventory numbers were out today in the United States and
after oil started rather strong today, expectations of a significant
drop in oil inventory didn’t happen. Instead, despite all
the problems the hurricanes created, it didn’t reflect much of a
change in inventory at all (instead of the expected drop), so oil
prices corrected significantly. However, for those who are
bullish on the price of oil a major article in The Wall Street
Journal about Mexican Oil Output is significant. The Wall
Street Journal pointed to Mexico’s oil output for the first six
months of this year falling slightly and asks if production in
Mexico hasn’t topped out. The implication is that the drop in
Mexican output could be bad news for the U.S., which relies on
Mexico as its second-biggest source of crude oil imports after Canada.
Oil production in Mexico slipped to 3.37 million barrels a day
from 3.4 million barrels a day in 2004. A decline of almost 1%,
which doesn’t sound like much but according to The Journal it
marks the first sustained decline in several years. Much of the
focus is based on Cantarell, which is the cornerstone of Pemex’s
success. (Cantarell is the world’s second largest oil
field.) The question is regarding Cantarell and its massive 2.1
million barrels a day, and how quickly the decline could set in?
DEB’S DITTY:
My husband ran off with my best friend.
I sure do miss her.
If you would like to receive the Late Edition, just e-mail Debbie at [e-mail]
Producers Oilfield
www.producersoilfield.com