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: The Ox who wrote (32468)	12/4/1998 6:19:00 PM
From: Douglas V. Fant	Read Replies (2) of 95453

Michael, Lots of OS stocks look good here. But if they are all cheap why not buy the "best of breed", right? I agree with you on RON and WFT. I might try to pick off HAL or SLB about 4-5% lower- maybe get an intraday dip if we pull back hard on any given day before January 1st..... As to drillers a bunch look good. And be aware that they all are reducing their cost/foot of drilling hole. As to drillers note: even if rig rates fall, be aware that profit margins will not necessarily far either as far or as fast.... In fact I was on a drilling rig last week (lots of softer sandstone formations admittedly)that was averaging 1550 feet/day and hit 1850 feet/day on one day! That tends to lower drilling costs.... Sincerely, Doug F.

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