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Gold/Mining/Energy : Core Laboratories (CLB)

CLB 15.94

-0.1%

Oct 31 9:30 AM EST

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To: polarisnh who wrote (29)	7/27/1999 8:58:00 PM
From: Herc	Read Replies (1) of 39

CLB seems to be making a small acquisition about once a month. But CLB's stock movement lately has been inexplicable. I went over the price history of two small independents I own, BNO & CRK. Both were over 10 throughout 1997. Now they're around 3. West TX. crude is at the highest since 1997. So something is not right here. I think what is not right is profound skepticism on the part of the investment community that crude prices will stick. I think they will. When something comes along to convince investors, I think there will be a flood into these stocks with a brief overbought scenario. But CLB is looking like a long term buy and hold. Hey, I think it is bullish that someone other than me contributed to the thread.

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