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: marc chatman who wrote (23414)	6/5/1998 1:24:00 AM
From: waverider	Read Replies (1) of 95453

Honest to God! You guys buyin' on a one day rise. >>As for the PE's of the service companies, I think the recent declines bring the PEG down to very attractive levels on many, and with earnings due next month, the PE's should be reduced another notch for many.<< Companies like FGII have higher PE's because they deserve it. Drillers have lower PE's because they deserve it. The market is pretty clear what it is saying. >>Well, let's hope in any event that the move holds. I'm watching a steady slide as I type this. I'm also not sure that we are seeing any fund buying (as opposed to speculating and short covering).<< Thank you, thank you. I covered my NE short this morning. And so you fools don't feel lonely...I bought more FGII and VRC today too. Oh my God, I've lost my mind. Now that I'm no longer short a driller (for today anyway), does everyone love me again? The Long One...no jokes please. (once known as Shorty...which he still is in terms of tech)

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