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 (25326)	7/8/1998 4:14:00 PM
From: Broken_Clock	Read Replies (1) of 95453

marc, that's a good question...OTOneH we have posssible continued downtrend, OTOH we have the following : This sector has been hammered beyond any other in the markey, I think, and we know that E & P is continuing to GROW, just at a slower rate. If we can get through the earnings period this quarter without major damage and then see if the sevice/fabs can hold the line through the next quarter, then i think things will turn around in the 4th quarter. BWDIK<g> DO had a huge block either bought or short covering at 37 this afternoon. Do you suppose someone shorted 300k of DO? That seems risky to me. DO at PE of 17 on trailing earnings seems like an excellent buy!

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