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: Harold S. who wrote (25968)	7/19/1998 11:14:00 AM
From: Grommit	Read Replies (1) of 95453

when the market prices a stock it looks months down the road I would hope they look farther out than that. I think that the continued stacking and rates may not be factored in. Especially since the rates are not in the the "sell side analyst" EPS projections yet. Institution do their own analysis "buy side analysis", so maybe they have current projections, but I bet they are not buying yet. Nobody knows how much is factored in to present stock prices, I am saying that it appears that more bad news is coming. My opinion is that sector will not move up until oil price moves and even perhaps not until indicators show rig demand improving.

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