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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine)

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To: Laptev who wrote (689)4/13/1998 4:11:00 PM
From: BBG  Read Replies (1) of 2282
 
>>>Is anyone thinking of loading up before earnings?<<<

Laptev...

I bought 440 sh.s last week... Not so much because I'm expecting a quick pop when earnings come out tomorrow (anything can happen in the short term)but because these shares will go up, split and go up some more over the next 3 - 5 years... This whole sector is going to explode the next time there is the slightest hiccup related to the supplies for oil which IMO is the single most important commodity in the world today. Regardless of what's being written now about over supply... The supply of energy is a very fragile situation... add to that the fact that drilling equipment is in very short supply and it doesn't take a genius to see that oil drillers and service companies will rule when push comes to shove, oil supplywise

Good Luck

JD
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