SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Douglas V. Fant who wrote (58579)1/22/2000 10:03:00 AM
From: BigBull  Read Replies (2) of 95453
 
Douglas, I finally got to listen to that Spears interview. Glad I did too. Most of the land drillers mentioned have already broken out and are running. WFT has broken out. SII and BJS are doing their Mambo King thing.

The one sector that hasn't broken out is tubuluar, but they are CLOSE, verrrrry close. LSS, and TBI are all within a buck of breakout. MAVK is lagging a bit but had a great day friday, up 10%. The thing that struck me about MAVK's recent report is that the inventory overhang for tubular products, casing in particular, is now gone. To me this can only mean tremendous upside to pricing power in the next 3 qtrs at least. No matters what happens with offshore drilling in the future, I simply cannot imagine $30 oil not stimulating tremendous amounts of drilling in the US/Canadian land sector. I am looking for tubular cos to follow the land drillers up - real soon now. If not the next week or so then definitely in Feb.

I am about to load up on GW. Hopefully I can get it at 3. We'll see. Big Dog almost has me going for PKD, but they've shifted to offshore drilling so I may wait a bit. Maybe PKD hits it big in the Caspian Sea, maybe they don't. What do you think are the prospects for finding significant oil reserves there?

Anyway, many thanks for posting that Spears interview, as it cleared up for me, where to concentrate my investment dollars.

Bull
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News