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

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To: russet who wrote (71183)8/18/2000 4:29:54 PM
From: jim_p  Read Replies (1) of 95453
 
All I heard was that the fire had just started at the coke unit (gasoline) and no one had any idea if there were any injuries yet.

Interesting day. Not much of a sell off. I left with 8 buy orders in hoping for a little sell off, and only picked up TBDI.

TBDI's earnings were impressive. They earned $.22 a share in the 1Q 2000 ended 6/30/200 with only 62% rig utilization. This company could easily earn $1.50 a share THIS year and I picked up 2,000 shares @ $13.00 today. I also still expect the company to be sold sometime soon since the CEO and largest shareholder just died of cancer. The stock has lagged due to some selling of the stock by insiders for estate tax purposes. This stock traded as high as $28.50 at the end of 1997 without the oil and gas upside they have now.

Jim
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