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: John Carpenter who wrote (38412)	2/26/1999 5:20:00 PM
From: VLAD	Read Replies (3) of 95453

Sorry John I just cant justify paying $88.00 a share for a company that is estimated to make only 33 cents this fiscal year(June1999) and 49 cents next fiscal year(June2000). What is the real risk at some of these drillers at these levels? If you believe it high then I think you also believe that the world's economies are not dependent on petroleum products. Your AOL is at or near a medium to longer term high and the OSX stocks are at or near an all time low. Where is the value here now. Your AOL is where it is based on momentum/sentiment but IMO it is a bubble stock that will eventually have a lot of its hot air removed. AOL IMO is an $83Billion hot air balloon. And the basket carrying you in it is only worth $1.56/share. To each his own I guess. I probably just don't make a very good sheep!

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