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: David Spruiell who wrote (4046)	12/1/1997 5:44:00 PM
From: Lucretius	Read Replies (2) of 95453

David, Glad you enjoyed! Good Luck! Remember, only the strong will survive, and the weak will be crushed w/out mercy. If you have doubts, I recommend to all to sell. If you think this sector's fundi's remain strong and nothing has changed other than investor psychology, I recommend holding. Take eary '97 as an example the drillers and producers alike pulled back 20% to 40% during Jan - April when oil prices plumetted from $25 to $21. Suddenly everyone was going to stop drilling, but at the end of the year who's laughing! As far as bad news in these stocks, I'm not sure it is over yet. Things do look fairly bleak though. -Lucretius (still holding strong)

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