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: Czechsinthemail who wrote (14096)	3/8/1998 7:05:00 PM
From: Lucretius	of 95453

Baird, oil is in the process of bottoming. While the drillers may not vault up from here, I think most investors now invloved w/ the stocks realize the story and will not be selling on every downtick in crude. We've seen the bottom in drillers. When crude has bottomed and begins a new uptrend, multiples on drillers will expand again. Until then, it will be slow going but up, nevertheless. Wait till early May when crude will stabilize, then the drillers will catch fire once again and the airlines will begin their slow death. -Lucretius

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