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Gold/Mining/Energy : Nabors Industries(NBR)

NBR 51.63

-0.3%

Nov 6 3:59 PM EST

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To: Jim Lou who wrote (53)	3/26/1998 10:24:00 PM
From: Char	Read Replies (1) of 174

Jim Lou I don't have the latest report but you can get it by calling the phone number listed here. biz.yahoo.com I have the last annual report and the top 10 holdings as of 8/31/97 were % of Total HSBC Holdings PLC 11.2% Banking, Hong Kong Cheung Kong Holdings Ltd. 9.5% Multi-Industry, Hong Kong New World Development Co. Ltd 7.5% Real Estate, Hong Kong Sun Hung Kai Properties Ltd 5.4% Real Estate, Hong Kong Hang Lung Development Co. Ltd 4.3% Real Estate, Hong Kong K Wah Intl. Holdings Ltd 2.7% Building Materials & Components, Hong Kong Lai Sun Development Co. Ltd 2.5% Real Estate, Hong Kong Shanghai Petrochemicals Co. Ltd 2.2% Chemicals, Hong Kong Wheelock & Co. Ltd 2.2% Multi-Industry, Hong Kong Hopewell Holdings Ltd 2.2% Construction & Housing, Hong Kong This was surprising to me. I didn't realize that most of their holdings were in Hong Kong. I wonder how much that has changed since last year. Yes our Oil Drillers are looking good. I just hope this isn't a suckers rally. They may drop back a little but I think I will hang on. I figure they will do good over the next two years so I am going to go for a long term capital gain. That's if I don't get cold feet and get shaken out. Dave

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