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: MARK BARGER who wrote (35105)	1/20/1999 9:48:00 AM
From: Helen Oliver	Read Replies (1) of 95453

IIONLINE says oil service sector is dead money for 1999... iionline.com hmmmm...maybe it's time to buy !!!! excerpt... Bottom Line: We believe that for stocks in the oil service sector to participate in a sustainable rally, oil most rise above $16 per barrel for a sustained period of time. However, this doesn't seem likely anytime soon given that OPEC's February meeting is likely to provide no agreement on further reductions and that the sanctions on Iraq look like they will soon be lifted. Our advice to investors is to wait until mid-1999 when there will be better visibility into 2000 before jumping in the sector. This year will be a wash.

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