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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (44471)5/11/1999 11:34:00 AM
From: Douglas V. Fant  Read Replies (2) of 95453
 
Slider, Like E&P's too... But I just put in an order for my first driller in a long time, trying to pick up a few shares of RIG. Agreed that E&P companies will build cash, pay down debt short-term, and maybe increase a few well servicing activities short-term as economics change on reworks, cleanouts, etc.

But drilling will follow IMO upward in about six months.....Again I mention the charts of BARRA Value and Growth Stocks. ^IGX and ^IVX. There's technical confirmation that the cyclicals should do OK moving forward over the next 12 months....
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