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: RGinPG who wrote (24498)	6/22/1998 3:40:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

RGinPG; thanks for the great site... I can understand your situation. We may have a tough couple of quarters ahead, but I think most feel oil will stabilize into traditional price ranges in the near term and we could see the return to april-may price ranges with decent Q2-3-4 earnings admidst lower analyst expectations. We have bottomed IMHO; and their is good fundamental reason to be enthusiastic about this sector long term. Hang in there... we were obviously not near full value in april/may when this recent selloff started. I think many stocks were over- sold by10-15% such as VRC, EVI, FGII. I only sold off some laggards to average down in core holdings and am taking a patient long term view & can fully appreciate your situation. Ron; Good Luck; Thanks for the great work on your site. I hope that you will consider maintaining it !

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