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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: BoNg-N-BoNg who wrote (20051)	8/18/1999 5:29:00 AM
From: ynot	Read Replies (1) \| Respond to of 43080

elmer, if oil drilling services heating up, would that imply price is there to support activity? if so would this support another rate increase after the one in the pipe? tia ynot ;) edit pardon the pipe pun, i have to nap now :)

To: BoNg-N-BoNg who wrote (20051)	8/18/1999 6:30:00 AM
From: kendall harmon	Respond to of 43080

FLC is recommended this morning in businessweek today Excerpts: Energy stocks should outperform the broader market for the next six months thanks to higher oil prices, says Norman Rosenberg, senior investment officer for Standard & Poor's Equity Group. Although the analyst believes oil prices are near a short-term peak, he expects oil to remain at above $18 a barrel through 2000. That's why S&P is advising investors to overweight oil stocks right now, a stance it doesn't usually take.... Most of my buy list consists of drilling or oil-services stocks so that is a good place to start. These stocks are for aggressive investors only: Baker Hughes, one of the largest oil-services companies; Tidewater, the largest offshore supply vessel operator; and Texaco, my favorite blue-chip oil name. Global Marine, Santa Fe International, Transocean Offshore, and R&B Falcon are the drillers I like the best. businessweek.com