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: jim_p who wrote (67448)	6/1/2000 1:49:00 PM
From: Jon Cave	Read Replies (2) of 95453

The drop in NG caused me to reduce my exposure to the NG sector. If the price rebounds tommorrow or next week I figure I can add back at about the same price. The future traders overdue the prices on both the upside and down side. Expect some weekness in the OSX while the Nasdaq soars. Might have a nice rebound tommorrow. I think the drillers are really about to ramp up. I like FLC better than any other stock here. Wouldn't be surpised to see dayrates go up 50% in a month. Had to sell half my PGO into strength. I like the stock but heck, it doesn't move very often and when it does, you had better take advantage of it. The big and mid cap EnP's are fully priced here I think. But, the small caps could move 100% and perhaps still be undervalued. I agree with Slider here, you must be careful in NG land when the prices drop below $4 and the Nasdaq is starting to fly. Scared not to take some profits today. Wish I had bought more tech. Hate to add tech today with the Nasdaq up 150+_ and then watch it evaporate tommorrow.

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