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

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To: Think4Yourself who wrote (65004)4/19/2000 4:36:00 PM
From: BigBull  Read Replies (1) of 95453
 
JQP, Some kick a$$ driller news you MUST read:

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slb.com

Energy regulators issued 5,535 new well permits in the first quarter, including 1,829 in March, up 153 per cent from the same period last year and surpassing the 5,148 approvals during the first quarter of 1997's record drilling year.

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Count 'em baby 5,535 NEW well permits in Canada alone. Still don't like land drillers? ;o}

I'm keeping lots of powder dry because I believe the last leg down on the Naz will commence this week or next. IMO this is when they take out the Semi's and shoot 'em. I don't think it will be very pretty. The SOX is an accident waiting to happen. I am becoming more (although not completely) convinced that NEW leadership will emerge. I believe the OSX will feature prominently in that shift.

IMO 3 must own stocks after the last deluge are PDS, TESOF, and KEG. But mainly TESOF. I will absolutely friggin' Bull Load my boat with TESOF. This stock is still WAAAYYYYYYYy too cheap. If it gets cheaper I'll buy, die, and go to OS heaven.
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