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: Braddock Bull who wrote (56695)	12/10/1999 4:28:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

Braddock Bull - hang in there; actually from someone who's in E&P's ... we are seeing some rationality return here and it smells & feels like the forming of a good botom. Again NG has bounced 20 cents or so. OSX 68ish looks like the bounce trigger to me if NG can hang out in the $2.40+ range here for a while. Rig counts and dayrate info is SUPER PEOPLE ! Finally; the fundamentals have turned - any further retrace is solid mid-longterm ground for RIG FLC - PTEN ok here (richard - remember selling at $16 ?(VBG), and UTI NBR ESV on any 5-10% weakness here look solid. GLBL is a buy, SII CAM WFT 5-7%ish away; OSX 68 and I start buying some service/drillers with only one caveat - that NG prices hold here. NG is the key -period. Crude is just peachy - bank on it. Forget the Richardson spin doctoring - the supply & demand fundies are a lock - and OPEC aint drinking no stinkin Jim Jones Kool Aid anytime soon either... There, Postal you happy now ?

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