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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 (31)	7/28/1999 9:03:00 AM
From: Herc	of 39

I discovered an exciting play on the oil field recovery, EGEO, if you have the cajones. They barely missed a debt payment, and the stock is in the toilet. I think they went into debt on their new seismic boat. But if their cash flow can pick up this one could go up 10 x in a year. Unfortunately I bought CLB at 16 - 19 when it dropped from a high of 24 in March. The brevity of the oil rally in March surprised lots of folks. And then they had that bizarre announcment of expecting lowered earnings right when the price of oil was going up! I still haven't figured that one out. CLB is one of my stocks that I can't come up with a reason to sell even with price fluctuations. I plan to ride this one until the oil commodity cycle fizzles.

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