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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SJS who wrote (27711)8/14/1998 11:44:00 AM
From: Douglas V. Fant  Read Replies (4) of 95453
 
Steve, Interestingly, EVI announced that they will not miss their full year estimate by much- and it got slaughtered today. I put in a buy order @ $20/share, since elements of EVI's business such as tubing are not linked so heavily to exploration but to the more steady production side of the business- at this level EVI becomes a potential acquisition target themselves IMO... Down from around $58/share earlier this year on May 8th and after making two acquisitions in 1998- now that's what I call a correction!

Sincerely,

Doug F.
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