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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: donald sew who wrote (8670)1/18/1998 2:02:00 PM
From: Jeffrey Beckman  Read Replies (1) of 95453
 
Donald, My impression is that FLC has good relative strength, usually being one of the last to break down in a crisis. If you look at their stochastics, the peaks have been hitting 60%, compared for 20-30% for many. I think people view it as a solid deepwater play, and are intrigued by the merger.

On the service side, SLB seems to show similar strength. The land drillers, UTI and PTEN, are more volatile, but may show the best gains if the sector breaks the downtrend.

Jeff
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