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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SargeK who wrote (64186)4/11/2000 9:25:00 AM
From: SargeK  Read Replies (1) of 95453
 
Drill, Men, Drill Apr 10 2000

"Saudi Arabian sources confirmed to Reuters today the $22-$28 price band voted at OPEC?s March 27 meeting and indicated that June is unlikely to bring a production increase. Another increase in both the offshore and US rig count validates a pickup in drilling activity and a bullish environment for energy and energy service stocks, so keep buying those shares during this period of profit taking."

Ticker Price Price Potential
4/7/00 Target Gain

Oil Producers

Amerada Hess AHC $62.63 $80.00 28%
Chevron CHV $86.44 $110.00 27%
Occidental Petroleum OXY $21.44 $35.00 63%
Texaco TX $51.13 $75.00 47%

Energy Service

BakerHughes BHI $29.00 $35.00 21%
CooperCameron CAM $65.00 $75.00 15%
Diamond Offshore DO $37.00 $55.00 49%
Friede Goldman Halter FGH $6.38 $20.00 214%
Halliburton HAL $39.63 $55.00 39%
Marine Drilling MRL $26.88 $35.00 30%
Nabors Industries NBR $36.81 $45.00 22%
Parker Drilling PKD $4.63 $20.00 332%
R&B Falcon FLC $18.94 $70.00 270%
Rowan Companies RDC $28.13 $35.00 24%
Schlumberger SLB $73.63 $85.00 15%
Valero Energy VLO $29.63 $50.00 69%
Varco Int'l VRC $11.56 $30.00 159%

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