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 (61097)	3/1/2000 5:24:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

Two biggest movers in Oil Service on my screen - TMAR GMRK +13% & 14% I only got a smidgin of both for my small cap basket, I was tempted to load on TMAR - damn... Maybe tomorrow will be HOFF's day ? I would still sell "some" positions into strength and look for laggard rotation plays - E&P's still dirt cheap. re: <<Message #61099 from SliderOnTheBlack at Feb 29 2000 2:37PM HOFF NR lots of upside for these laggards ? NR is in the land drilling serivce sweetspot - surprised it's not $8's here, HOFF bit later in shallow water - but terribly cheap here imho... Anyone seeing any other nice laggards in service they like ? TMAR GMRK not moving at all - small cap boats may be the only thing that shows life later than FGH (VBG) ? >> =============================================================== We may be a bit ahead of ourself fundamentally in the OSX (but, whose complaining ?) - look at ESV for example - they are at the price of the spring of 1998 and no where near the earnings, dayrate, or utilization #'s that they had then. Richardson PROMISED Congress today that Crude would move lower - much lower ?!?!? PROMISED CONGRESS ?!?!? - I guess he works for a lame duck, what's he got to lose ? The "clips" on these congressmen pimping for their districts in bashing OPEC etc is a joke. Where were these assholes last year at $8 Oil, cheap airline tickets, 85 cent gas etc ? In reality - Greenspan knows that Oil will put the brakes on the eonomy, allowing him to not raise rates in an election year ? - Clinton/Gore can just bash OPEC and not have a rate hike prior to the election... 1 - 1.5 M BOE is "too little - too damn late " ! Yessssssssssssssssssssss ! ... too little - too damn late = Boom 2000-2001

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