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: bw who wrote (16879)	3/27/1998 10:12:00 PM
From: MyStoxGoUp	Read Replies (1) of 95453

Another really short term view: In this frothy market with new IRA money coming in everyday it is difficult for portfolio managers to find "value-plays". We have always known that the oil services were fundamentally sound but have suffered because the whole sector is commodity driven. Now that it is clear that all oil producers are unwilling to allow oil prices to deteriorate, than the signal is now clear that oil will go nowhere but up.The portfolio managers now have the excuse they have been looking for to accumulate oil stocks. In an extended market,beaten down stocks with real earnings growth are a welcome opportunity. I say buy.There is still tremendous upside. Look at RIG. Phil

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