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


To: hdrjr who wrote (47138)6/30/1999 4:48:00 PM
From: pz  Respond to of 95453
 
Re: RIG

I dumped RIG when I saw the news hit the wire. The market hates a not so great outlook. RIG moves late in the cycle and the land drillers tend to move early in the cycle. Bought a bit more PKD today.

It sure looks like we move higher from here.

As Big Dog says, "It's the oil price stupid"....gggg

Paul




To: hdrjr who wrote (47138)6/30/1999 4:50:00 PM
From: Ken Robbins  Respond to of 95453
 
After FLC, VRC was the best percentage gainer in the OSX index today up 1 1/8 (11.46%) to 10 15/16.



To: hdrjr who wrote (47138)6/30/1999 10:55:00 PM
From: hdrjr  Read Replies (1) | Respond to of 95453
 
After looking at GLM, FLC and RIG during the closing moments of todays trades, where many large trades occured. I looked at SDC, HAL, SLB, ESV, and HLX. All had very large trades at or near the day's highs within the last several minutes of trading. SLB had trades of 181,400, 205,300, and 136,600. HLX went up 1/2 point in the last 10 minutes with a trade of 44,900. Tomorrow's opening should be interesting. Someone (brokerage) took the plunge deep. I hope this is the beginning of the trend to come.

hdr