Drill-Quip [ DRQ ] - oil drilling equipment ipo Message Board

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Gold/Mining/Energy : Drill-Quip [ DRQ ] - oil drilling equipment ipo

DRQ 20.68

-2.1%

Oct 30 9:30 AM EDT

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To: Bill Fortier who wrote (96)	1/15/1998 7:42:00 PM
From: Lee Fredrickson	Read Replies (1) of 121

Bill: The world-wide demand for crude, vs. the foreseeable future supply tells me that the oil services sector isn't going out of business soon. Whether or not it's stock valuations get back to October's peaks anytime soon is beyond my vision. But if money managers ever decide to take a good look at the industry's fundamental situation and not focus completely on today's spot prices, I think we'll do all right with DRQ. Could be a while, though. Am in for long-term. Lee

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