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: Lucretius who wrote (17428)	4/1/1998 11:53:00 AM
From: Douglas V. Fant	Read Replies (1) of 95453

Lucretius, No not you (dumping your stock, that is). That was meant as just a suggestion from someone inside the industry not to panic and unload shares yet. Stocks go up and stocks go down- but realize that we are riding a tremendous secular trend here- and that is the proliferation of democracy worldwide, and the concomitant economic growth that follows when you free peoples to control most facets of their own lives. Thus energy consumption will continue to rise into the 21st Century. And the service companies will be major beneficiaries of that trend. What would change my mind? If I see overbuilding in the service side of the industry. So far, though most service companies are acting with caution and restraint. No one can predict where we will be one day or one wek pricewise with these stocks. But I'm betting (I currently own ESV,BJS,TMAR, and RDC and am watching a couple more for an entry point)that 12-18 months from now these stocks will be much higher.... Sincerely, Doug F.

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