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

To: dfloydr who wrote (47361)	7/5/1999 4:29:00 PM
From: Crimson Ghost	Respond to of 95453

Floyd: Just as it was obvious (to me at least) back in January that $12 crude would not last long, so it is obvious now that ultra-depressed capital outlays cannot last much longer with oil and gas prices very strong. So while the real easy money has indeed been made, there is a heck of a lot left on the table. And anybody waiting for a surge in day rates to buy the OSX will miss much of the move. OSX still little more than half its high. The only industry down more than this is gold. But unlike gold, it is a virtual certainty that the OSX will get back to those highs by the end of next year and probably a lot sooner.