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: isopatch who wrote (90874)	5/14/2001 1:00:12 PM
From: Roebear	Read Replies (2) of 95453

isopatch and all, (TESCO) TESOF having a good day here after reporting .60 per share last week. Broke past 52 wk highs, retraced to breakout and now bouncing back up on healthy volume. As I have said for quite awhile here, this is going to be a good late cycle play. Since there has been a good bit of skepticism about TESCO's casing drilling over the last few years, I don't believe this stock is done yet by a long shot as they continue to prove their new drilling technology.. I expect some consolidation in the $13 (US) range while gains are digested and large players accumulate (and play games!). The company was and remains a buyout target IMO, hope it doesn't happen for awhile. OBV on this stock is outstanding. Best Regards, Roebear

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