Strictly: Drilling and oil-field services Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: parcival who wrote (63847)	4/5/2000 12:03:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

RIG looking like a nice buy here... RIG has moved in $3-$4 swings. I see this running to the mid $50's on the first recovery bounce in the OSX here and the recipient of strong institutional buying once we settle in a bit. A great re-entry opp here, support at $40 in a big way - not a lot of downside and fundamentally a monster - must own, core stock for any oilpatch portfolio. I sold lots of mid-cap E&P's here and bought more drillers on this retrace... getting to an even weighting. Dumped all my NBL EOG BR here of late... EOG nearly doubled from its recent lows... I'll load HAL as well if it comes off another couple of $ here. Like RIG FLC for drillers, HAL for service & PGO as the laggard, value - late cycle play fwiw. I'm focusing my positions in just a few stocks on this retrace. BSNX the best NG play price-wise here,one of the few with 50% upside remaining and it has THE best balance sheet of its peer group, FST could see that kind of upside as well. OXY P TX KMG UCL still cheap in integrateds, mini-majors - I like these better than mid-capish E&P's actually on a value basis given the mid cap run of late.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next