Nabors Industries(NBR) Message Board

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Gold/Mining/Energy : Nabors Industries(NBR)

NBR 50.53

-2.1%

12:09 PM EST

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To: Char who wrote (33)	3/22/1998 5:00:00 PM
From: William Peavey	Read Replies (1) of 174

Jim, David & Ken, I purchased Nabors last week at 21 1/2 or so, on the premise that the chart seemed to be turning up (my wishful thinking?) and that I wanted to begin a position in the drillers. I had done well with Schlumberger three years ago, but wanted a more direct play this time. Today on the gold price thread I found the following: Message 3797607 and decided to see if there was any discussion of my new holding on SI. Hence my appearance today. If the cartel has truly got it together, we may see a gratifying price jump this week! Incidentally, my Raymond James broker passed on to me a DLJ (Donaldson Lufkin & Jenrette) reco dated Mar 18 on NBR at 21.88 with a 12 month target of $47. Our timing could prove to be pretty good here. Bill Peavey

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