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 (48715)	8/1/1999 10:17:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

Damn.... Bull you out did yourself (VBG)... nice post. Bottomline - everything in the Oilpatch will be substantially higher down the road. There will be few losers. Thankfully; investing here is now about picking the best of the best - winners; and not about trying to make ''some'' money, or to preserve capital (been there - done that...). Great points Bull. Anyone who makes the right call on what the Oil Majors are going to do - is going to make lots of Ca$h ! Unfortunately; I think that the Street does have the inside ''ear'' in this case... but, we can watch Rig counts and with the likes of Big Dog keeping his finely tuned ear to the ground on dayrates and sentiment changes within the industry - we be looking to do some heavy hitting here shortly (VBG). I'm still comfy in my small/mid cap E&P's vs. the driller/service stocks right now for the short term - still 100% E&P's; but I have to preface my comments - that I am an aggressive trader here, willing to take on much more risk than the average investor needs to, or should... There are some really cheap stocks here like VRC, GLBL, HOFF, TMAR, FGI/HLX, GIFI, UFAB - these are hard to go wrong on here longterm... Stocks like RIG PGO CAM VTS et al surely have some significant, if not dramatic upside from here. There has even been some analyst commentary that this next upturn in the Oilpatch is going to be ''bigger and more profitable'' than the 97-98 run up ! Who knows - maybe OSX 160- 175 by 2001 ? I'll tell you what I am contemplating here... if we see OPEC get their way and Oil goes up another $2 and Nat Gas closes in on $3 and if we see concrete Asian demand growth - TO THE MOON - ALICE ! - call options could be lucrative beyond belief here ... I'd like to see a shakeout here; some basing into the face of still rising commodity prices - then grab some cheap calls in Nov.-Dec. looking out to say April/May 2000. I'm hoping for one ''golden goose'' call option opportunity. Look how FGI, CXIPY & VTS spiked during very short timeframes on the last run up.... some serious moolah to be made if one times this play correctly - s e r i o u s c a s h !

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