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Gold/Mining/Energy : NATIONAL - OILWELL INC. (NOI) - undervalued/takeover ?

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To: BILL L who wrote (6)10/26/1998 11:00:00 PM
From: Richard B. Haenisch  Read Replies (2) of 44
 
Hello Bill,

Good to see you here on the NOI thread. I think we truly have an undervalued asset here, especially since the oil sector has been so beaten up all year.

FYI - The price of oil went up $0.18 to $14.23 a barrel - today

More importantly the Oil well services & Equipment Index rose 7.36% today to 504.74 - hence the increase for most stocks in the sector by anywhere between 5% to 10%. (NOI up 10%)

If you take a look at the Index itself you will see that if we can solidify the 500 level for a few sessions the next stop could be 675, which is another 34% from here.

check out:

labpuppy.com

once you reach the site you will find all info you need about the oil sector, including the index.

REMEMBER EVERYONE: First Reserve Corp (a LBO specialist) increased their position in NOI by 2 million shares after 9-29-98. They don't invest over $21 million to earn 30% or 40%.

THEY ARE IN IT FOR 100% TO 200% return in a relatively short amount of time! Like all LBO specialists - in & out

Stay tuned...

Rico

P.S. Bill, I still own DGIV - I will own it until I see $10 at least, because I believe that DGIV is just ONE signed contract away from regaining its credibility - and I believe Jimmy Chin is close - IMHO

Good luck to us all with NOI and DGIV, Bill!



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