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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (40780)3/24/1999 5:11:00 PM
From: ItsAllCyclical  Read Replies (2) of 95453
 
Did anyone else notice the diveragnce between SLB+HAL vs the rest of oil drillers today?

Both SLB and HAL were down about 2% while the small cap drillers were up on average of 2%.

I'd say this is healthy.

Purely from a value standpoint HAL and SLB seem pretty richly valued. I'd rather not have RIG, DO, MRL, VTS and others tied to SLB's every move.

Any explanations?

I'd say individual investors were buying today while the instititions were selling in moderation.
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