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To: Keith Garlitz who wrote (1519)	8/25/1998 10:30:00 PM
From: robert emann	Read Replies (1) of 2346

Keith; I was not aware of the insider sales re Core Labs. I tend to follow what is going on in the energy sector and its really bad out there. Todays bidding for new tracts in the Gulf of mexico was very low. Tomorrow they open the bids. I do not think it will be bullish for energy prices. As long as the analysts think the oil services sector is going down they will continue to short the stock. If I was a director I might have sold also. Energy needs some catalyst to get prices going up and I have not the foggiest idea what that may be or when that will occur.In the meantime Core will probably drift lower. Regarding DGE acquisitions and sales. The only thing we know for sure is he has no responsibility for the Asian component of the portfolio. That is the responsibility of the Guinniss Flight folks. On the US and European sales I am surprised and can not offer any rationalization why he would sell in DGE while continuing to recommend in his newsletter. That seems an appropriate question to ask him..

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