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: Broken_Clock who wrote (13380)	3/3/1998 12:31:00 PM
From: Thean	Read Replies (2) of 95453

Papaya, I was excited yesterday after close. Now I'm even more excited. If the market would close right now and we would lock in to OSX above 108. There are more companies inching closer to breaking their resistence and NE is one of them. The land drillers however are still stuck in low gear. Ron is the clear leader in the current move and the their merger potential are being played out right now. Since FLC is a laggard deepwater as of late, we can see it explode especially if there is really nothing wrong with the company. I want to see the close before making a call on whether further strength can be found. So far so good, especially considering the weak opening this morning which shook out some weak hands. Don't you think the market is sending us a message - "the service and deepwater companies want to go higher regardless".

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