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 (38918)	3/4/1999 1:59:00 PM
From: tdl4138	Read Replies (1) of 95453

Michael, I second your reasoning. For the past year excessive optimism has created more than one "trap". In time this sector will run...at least I hope so as I'm still holding quite a few issues. Everyone needs to remember a few things before jumping in blindly. 1. Most exploration budgets have been slashed. 2. Oil prices need to stabilize at higher levels before day rates, etc will start an upward climb. 3. These stocks didn't fall apart over night...and will appreciate over time when a strong fundamental base is maintained. Just my thoughts Dave

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