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: Think4Yourself who wrote (59932)	2/8/2000 2:32:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

Big Block sells hitting the sector - be forewarned... GLM etc. Surely, EOG NBL BR et al are great buys, I didn't sell all my XTO - but; I trimmed across the board in a major way. I did buy small "averaging in" positions in FLC , DO and will sit for $13 7/8ths PGO - I will add on 5%ish moves on down, continually adding to all. GLM close... HOFF close to $5, I will buy KEG at $8 if seen(finally), lots of service/drillers getting close here. MRL another couple of bucks etc. BHI I allready have a moderate position, but in the $20's & below I keep adding... Be patient for buying opps - they are coming... Could be a bloody 30 days prior to OPEC meeting and Chevron's comments didn't help. Look at APA of all co's here - an institutional fav', super strong company, a buyout possibility and down $2 from its intraday high ? VRI down $3 folks !!!!!!!!!!!!! These are THE fav's here of the institutions - God, forbid the little guys get scared - how many more BSNX's are out there ? - allthough BSNX because of their balance sheet is one of the MUST own blow offs for the longterm - do not - "not" have a position in BSNX. Worst case scenario - those with clean balance sheet will be the plays... Something hinkey is going down in funky town... I like 25-35% cash and all my margin unused here. It wont matter if we announce a 15 M boe drawdown - there are tons of laggards - no one is going to miss anything here - prior to OPEC meeting in MArch. Yellow Flag is now out - period. My nose is twitching... could I see FLC in the $10's ? - one last time ? low $30's APA ? sub $15 EOG ? Buybacks are a good sign - but, that can't stop these big blocks exiting VRI APA etc

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