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: Bazmataz who wrote (15491)	3/19/1998 12:21:00 PM
From: Broken_Clock	Read Replies (1) of 95453

Baz... Good call IMO. SLB broke 70 and is selling off even with oil up.Looks like we're dropping again until OPEC resolution. The trading range we've been in seems to be deteriorating...at least for SLB. That stock has been getting hammered. A review of the chart shows a distressing pattern of lower highs and lower lows...a divergence from the osx. It seems the deep drillers have been the mainstays of the sector. i realize the drillers are not the main weighting in the osx so it seems strange that the osx has been making higher highs while slb has not... Anybody figure that one out? PK

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