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Non-Tech : Invest / LTD

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To: drsvelte who wrote (1283)7/23/1998 1:08:00 PM
From: bw  Read Replies (1) of 14427
 
Made a little trading ESV today. Sold all NE that I was holding for small loss on earnings report just released. [I posted on SD board]. They seemed to have missed by .02, with very cautious statements about dayrates. Utilization is also down. Keeping small stake in FLC in the 15's that will be my only oil stock holding until things improve...
CNBC energy analyst predicts oil in the 12-13 range a possibility & also mentioned weakness for the drillers on reduced E&P going forward.[well,duhhhhh]
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