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: diana g who wrote (31530)	11/5/1998 9:55:00 PM
From: Jamey	Read Replies (2) of 95453

Diana, Does the familiar motto "its the oil price, stupid", ring a bell to you? Well apparently, according to the way the oil stocks are behaving, it is not the oil price stupid but rather fundamentals and future earnings outlook that are moving our oil sector. (VBG) On another point, I liked the way that most of the sector came back at the finish. This gives the appearance of a bull market rather than a bear. Two sleepers that IMO will make the highest percentage of upward movement will be by GLM, (2+ billion market cap, and PKD, pushing 1 billion.)52 week highs of $35 and $17 that we can easily see doubles and triples on. I am especially high on GLM because it had the best double bottom and is the largest offshore driller of the bunch. (They also met 3rd qtr. earnings estimates) Thanks for posting the statistics. Regards, Santiago

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