Strictly: Drilling and oil-field services Message Board

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

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To: BigBull who wrote (47535)	7/8/1999 9:17:00 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

BAMMMMMMM ! - the "Bull's'' got it ! << My plan is to trade micro E&P's short term for some sweet 25 to 40% trading pops and plow the profits into DRILLLLLLLL ers. JMVVHO>> ....exactamundo ole' Bovine one (VBG) ! .... the driller & service stock's time will come - but, not quite yet... do not underestimate the effect of the coming earnings releases... or, the ''technical'' profit taking on the immenient Crude breakout - rally. ... Doug et al -- ie: the increasing budgets/cap ex spending and stepped up drilling activity... for example - OEI's press release - imho; you buy OEI now ! and the drillers - later... OEI is going to ramp up cash flow, production and earnings immediately - the drillers still need lots & lots of rigs to go back to work, before - dayrates budge... this is great news NOW for OEI stock - and will be great news for the drillers - but much later... - the cap ex increase is acknowledged, but the E&P's are still the way to ''INITIALLY" play that rise imho. good luck all.

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