Nabors Industries(NBR) Message Board

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Gold/Mining/Energy : Nabors Industries(NBR)

NBR 51.49

-0.3%

Nov 7 9:30 AM EST

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To: Jim Lou who wrote (21)	3/9/1998 6:17:00 PM
From: Char	Read Replies (1) of 174

Jim Lou Not much news. All the oil drillers and service stocks were down because of the fall in the price of oil. I hope this is just temporary. The long term still looks positive. There is only 3% excess oil capacity in the world right now. Once demand starts to pick up in Asia all the oil drillers will be running at 100%. I picked up a few NBR shares last week and will pick up a few more if they drop 2 points below my initial buy point. I will keep adding this way until they start to go back up. I will then add some more every time the price increases 2 points until I have the full position I want. I haven't downloaded the indexes yet today but I doubt if they changed from a buy to a sell. I also picked up some GW last week and a little more ESV today. Dave

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