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

To: SliderOnTheBlack who wrote (54760)	11/15/1999 1:07:00 PM
From: Winkman777	Respond to of 95453

Sold MDR this am at $9.25. Enough of a bounce for me. Having had some personal experience with asbestos liability, I'm happy to be out with a lucky 15% profit. IMHO the best opportunities are with: 1. Deep drillers like RIG and FLC. I'm expecting more announcements soon from majors about 20% or so increased capex. Also sharply dropping worldwide stocks of crude and products coupled with most of OPEC members already committed to quota extensions until June, has given us $25+ crude now and maybe Slider's spike to $30 in not too distant future. RIG was over $36 intraday in September. I expect RIG to hit 60 in the next 18 months. Below $30 it is cheap. 2. E&P's like APA, FST, OEI, TMR, and RRC, which have been weak recently. Again IMHO this winter will be significantly (maybe even substantially - Hi Gary) colder than last winter. Anything like a normal winter should cause a spike in NG and E$P's. Good luck and take care all. Winkman

To: SliderOnTheBlack who wrote (54760)	11/15/1999 1:54:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 95453

Slider, Knife Catching Razor; with a name like that - catching falling knives should be 2nd nature (VBG) Well, it's a dangerous profession, but somebody's got to do it. <vbg> I'm just looking for another Golden Hook to add to my collection. Good luck! Razor

To: SliderOnTheBlack who wrote (54760)	11/15/1999 2:15:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 95453

McDermott Begins to Recover - Oil Service Stock Seen as 'Best Buy' By Lisa Sanders, CBS MarketWatch Last Update: 12:46 PM ET Nov 15, 1999 NewsWatch HOUSTON (CBS.MW) -- Shares of McDermott International rose 8 percent Monday afternoon as a brokerage issued some hopeful comments about the oil-service company that saw its market value chopped in half last week. According to Frost Securities, the declines are attributable to poor financial performance during third quarter 1999, and the fact that asbestos-related legal claims against the company have increased. "We recognize and agree that McDermott still has both internal and external obstacles in its path to strong ongoing financial performance," Dallas-based Frost wrote in an analyst note. "However, we believe its stock represents one of the best buys on Wall Street, particularly in the energy sector. McDermott ... is now trading at the far low end of its peer group range." Shares of McDermott (MDR: news, msgs) rose 5/8 to 9 3/8 amid heavy volume of 3.1 million shares vs. a daily average of 771,700. Last Friday, the company's stock fell 35 percent one day after after declining 28 percent. On Thursday, McDermott reported net income of $3.6 million, or 6 cents a share, which compares to $51.6 million, or 85 cents, in third-quarter 1998. Analysts surveyed by First Call estimated earnings at 19 cents a share for the third quarter of 1999. cbs.marketwatch.com