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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Gary Burton who wrote (34690)1/10/1999 6:24:00 PM
From: Platter  Read Replies (1) of 95453
 
Gary, I think this is an important excerpt.."One sign that oil stocks' fortunes may be rising is that the shares no longer fall on bad news. On Thursday, Smith International, a large oil-services company, warned investors that its fourth-quarter earnings would likely be between 25 cents and 27 cents a share, not the 36 cents a share that Wall Street had hoped for. The shares rose $3.65.

Of course, not all oil-related shares are buys." I think we were discussing this situation with respect to SII, that morning on the thread!
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