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: Chuzzlewit who wrote (19592)	4/19/1998 12:10:00 PM
From: The Ox	Read Replies (1) of 95453

Looking at this daily chart for MDCO makes me think that this stock is ready to move higher. The chart is blue since Feb and MDCO continues to make higher lows. Short term it is in the trading range 21 to 24 but a significant move above 24 would appear to be a breakout. 207.95.154.130 I am long MDCO and I really like the way this chart looks. Good news from the biggies, HAL, SLB, etc could fuel this sector and MDCO. To change the subject, I have been looking at a number of stocks in this sector and have continued to use 10 times 1999 earnings as a gauge for valuation, but not limiting my view solely to this benchmark. HMAR and TMAR in particular seem very cheap when using this view. Even as estimates for 1999 come down because of the current oil price weakness, it seems one can make a compelling argument in favor of these bargains. Michael

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