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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: phillip who wrote (37612)2/17/1999 7:07:00 PM
From: Fredman  Read Replies (1) of 95453
 
here: i will cover for Slider: buy DO RIG RON NE and GLM, and think about BHI, CDIS and WFT. If you can afford it, buy SLB. Oh - one other thing - after you buy in, lock them away and forget about them for the next 2-3 years, but at that time, you will be HAPPY. The main problem is, nobody wants to tie up money going long when they can speculate going short-term elsewhere in the market, THAT is one reason why oils are taking a beating. That, and OPEC isn't doing squat, NON-OPEC members are producing too much, and it's too warm for 'winter'. OSX being down isn't the result of any one thing - it's a whole bunch of things all coming together at the same time.
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