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: ItsAllCyclical who wrote (53983)	11/4/1999 12:54:00 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

Jim L - agreed on UPR... sold 3/4's FST into today's move & rotated into UPR Loaded on VTS & PGO here of late as well; VTS moving up nicely - up $1 today - but I am not a seller untill the $18-20+ range; these 2 imho; will be at the top of the list of % gainers in the service/driller sector in the next 90 days. These 2 have 60-75% upside merely to their recent highs of weeks ago... - add a little margin leverage and you've good some seeeeeerious cabbage. Mainly loading on weakness in just a handfull of stocks: SII PGO VTS UPR; I view these all as institutional/fund fav's on the sentiment change and each have 50%+ upside within 90 days potentially imho. No driller really looks like a gift here... MRL holding well, FLC - I'll buy in the $11's - the land drillers holding well; so seismic leaders PGO VTS stuck out like sore thumbs imho; SII is an early stage recovery company & a proven mo-mo fav; UPR looks like the most undervalued mid-lg cap; with perhaps even better eps, cfps upside nearterm than NBL BR - both also, no - brainers. Looking at XTO OEI PXD on any decent weakness here as well... Sold most of my driller stock on the earlier pop; I refuse to buy it back above my target prices & the service sector looks disproportionately cheap - ie: PGO VTS SII to the drillers here imho. Do "NOT" underestimate the undertones of Buffet's move to Nat Gas/Utilities & the Shiek selling Citigroup and moving into Oil's. - this is not the "Hot Tub- Shiek" - but the well known financier who made millions buying Citi at the bottom of the last financial bust cycle; he was on the cover of Money Magazine with Mario Gabelli, James Cramer, Rainwater and others earlier this year - as the "worlds greatest traders"... He is bringing nearly $900 M to the oilpatch potentially... curious if he enters the option arena. He could shake things up real quick... big footprints... Next wednesday - post the API's - mark your calendar... the Shiek returns !

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