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: HH who wrote (6951)	1/7/1998 9:04:00 PM
From: John Carpenter	Read Replies (1) of 95453

The volume for driller/energy service issues was truly enormous/significant. Buyers of some size/clout/magnitude have entered near these price levels. The trading activity had the feel of a turning point/turnaround of significance. To repeat, today's volume was truly outstanding, occuring at a critical juncture. I believe that Fadel Gheit, the Farenstock energy analyst will prove to be prescient-namely that today's action in the drillers will pressage the formation of a bottom in crude prices and the reemergence of the energy services sector as the sector of choice. 1998 should be an exciting year of acquisitions/consolidations. Glen Dickerson has good instincts, having never physically seen me-only having my thoughts/writings to go by. Lucretius undoubtedly/unequivocally looks better in a skirt than I do.

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