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: paul feldman who wrote (58523)	1/14/2000 1:53:00 PM
From: Terry D	Read Replies (1) of 95453

Paul - True. If you listen to the traders, this is a tough sector. Like picking through bones. But there has been a terrific secular move in the big service stocks since March. The BOOM 2K believers have made a fortune by just standing in front of this wave - crude has gone from 11 bucks a year ago to 28 today! I think this has just been a terrific move - consistent, playable, fairly low volatility. Much better than the internet plays and just as lucrative in the long run. A perfect counter balance to all the AMATs and INTCs that everyone owns. By just buying quality (and getting pretty lucky picking the bottom)we have a double in SII, over a double in MRL, a home run in BJS and 50% in CAM. The only laggard has been the big boy - SLB. And these stocks trade well - no 5 point spreads in stocks you can't buy on the way up and can't sell on the way down. Although we have owned a bunch of those (why aren't PUMA and ARBA participating today?) You can't say that there has not been real good money to make in this sector. That is just plain wrong.

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