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: SliderOnTheBlack who wrote (54102)	11/5/1999 3:35:00 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

Bull; I should have added; I think FLC may be the best buy today... Most drillers are holding okay, SDC is cheap & RIG as well;but they are capped by their intnl exposure for SDC and longterm contract lock ins for RIG, but if ESV MRL NBR UTI sell off a bit more - they are my ultimate fav's - but, are holding well accordingly. FLC is the cheapie right here, right now imho. Also in E&P's; BR turned around strong, PXD up nicely; UPR up strongly, EOG turned up 3%+ intra day; we are seeing the fundamental value in E&P's being snapped up here. We are in transition; some selling, some buying - again; imho - this ends tuesday into the close, or wed at the open; after next tuesdays API's. NBL is a damn gift; if I trusted my gut; I'd really load some irrational call leverage here... but, margin vs. heavy call buying is more prudent imho. - I know, you limit your downside with calls; but I like the moderation of margin vs. calls. ...allthough Feb PGO $15's at less than a buck; are a 5 bagger back to its sept highs...hmmmmm ? Gotta believe; lots of seismic work going to be started; post the nice Q4 commodity price realizations by these E&P's.

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