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: The Perfect Hedge who wrote (3938)	11/28/1997 11:47:00 PM
From: chirodoc	Read Replies (1) of 95453

<<<<<<.Things are just beginning to look up for this group technically.I hope you jump back in soon.GD .......seems to me: 1. selling has been overdone--rig utilization is still wonderful 2. asia has a slowdown but 1/2 of the world is u.s. and europe where industry is strong. japan brings this up to 2/3 and they are starting to deregulate--so in 6 months they should be starting to hum again. 3. ASEAN countries and china may be slow but they are not stopping dead in their tracks 4. OPEC wants to maintain a fairly steady price of oil summary: this is a time to buy in if you are out, add if you have money, and hold if you are a medium to long term investor. do you agree?

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