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: monu who wrote (44696)	5/13/1999 3:40:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

Hmmmm; now TDW - 540 Oct $30's, 310 May $30, 279 June $30's ! Someone is smelling the ''tide'' turning ! Folks; we just had a lame assed shakeout attempt; and I read a great Institution Only report that predicted as such and recommended loading up on Integrated Oils & independant E&P's and selected OSX stocks. The damn ''inside'' Street crowd is smelling an activity turn here.... I can smell the rat-bastards (sorry) a mile away.... we have stronggggggggggg undertones here.... BULL - whatta ya say ?; time to trust the ''gut'' ? I'm beginning to think so. This call volume on TDW is substantial - big move compared to usual volume & open interest... one of my fav's GRMK a small cap Mutual Fund fav' - popped big today, but on small vol ?.... dayrates for boats, activity must be moving.... PTEN as well..... Gas drilling has to pick up - the longer PTEN, UTI, GW, NBR have low rig utilization the more coiled my E&P ''spring'' gets.... PTEN getting pumped up here.... if the land drillers pop big in the next day, or so - and if shallow water jack up drillers and boats lead other niches - then the cat's outta the bag... someone is talking about substantial activity change here.... I smell it; I'm telling you - ''I smell it'' .... and the nose knows....

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