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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Fredman who wrote (32186)11/28/1998 7:10:00 AM
From: Crimson Ghost  Read Replies (2) of 95453
 
Regarding capitaL spending cuts, did not someone here quote oil analysts on CNBC as predicting big cuts because of the merger? Some of this is bound to be drilling related. But I do grant that excessive cuts in drilling now will require higher outlays later on.

In this difficult environment for OS I plan to play it safe by investing only in the big three -- HAL, BHI, and SLB -- as well as the Fidelity Select Energy Services Fund. I think we must all be cautious short-term, but I have never been more bullish on these stocks longer-term. Assuming the kind of drastic restructuring I expect, OSX could hit 150-200 when oil gets back into high teems.
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