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

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To: kollmhn who wrote (71001)8/16/2000 1:49:03 PM
From: jim_p  Read Replies (1) of 95453
 
kollmhn,

Just got back from downtown. It's nice to the OSX up when you expected it to be down.

I own both GLBL and OII. I agree with you on your analysis. I currently have a double position in OII and a full position in GLBL. I think they are both being effected for the same reasons, but I don't see much downside with either one.

OII is selling for less than half of the 2001 PE ratio, and OII is in a less competitive segment of the business.

Good luck,

Jim
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