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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: paul feldman who wrote (47000)	6/28/1999 2:58:00 PM
From: Chas	Respond to of 95453

Someone once posted on here that the number of posts is a good contrarian indicator. I forget who it was. We must be ready to head up, as the board activity seems way down. I read last week in Power magazine (published by McGraw Hill for the electrical generating/utility community) of a large number of gas turbines that are currently being installed for utility electrical generation. I believe most are new or will replace coal fired plants. There were at least 10 specific locations listed. I should have saved the article. It will take sustained rig count increases week to week, announcements of increased capital spending by E&P's, continued reductions in crude inventories, announcements of new drilling contracts at good day rates, and continued stability of oil/gas prices for oil service/drillers to really take off. Not asking much, huh? When it takes off, it will move quickly so I am in and holding. Good luck, Chas