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

To: Braddock Bull who wrote (56695)	12/10/1999 4:22:00 PM
From: Post_Patrol	Respond to of 95453

Braddock Bull, take with a grain of salt what Burton, Cole and the infamous $lider have in store. They shoot out of both sides..........know what we mean??? they do, regards,and happy holidays from the Patrol

To: Braddock Bull who wrote (56695)	12/10/1999 4:28:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Braddock Bull - hang in there; actually from someone who's in E&P's ... we are seeing some rationality return here and it smells & feels like the forming of a good botom. Again NG has bounced 20 cents or so. OSX 68ish looks like the bounce trigger to me if NG can hang out in the $2.40+ range here for a while. Rig counts and dayrate info is SUPER PEOPLE ! Finally; the fundamentals have turned - any further retrace is solid mid-longterm ground for RIG FLC - PTEN ok here (richard - remember selling at $16 ?(VBG), and UTI NBR ESV on any 5-10% weakness here look solid. GLBL is a buy, SII CAM WFT 5-7%ish away; OSX 68 and I start buying some service/drillers with only one caveat - that NG prices hold here. NG is the key -period. Crude is just peachy - bank on it. Forget the Richardson spin doctoring - the supply & demand fundies are a lock - and OPEC aint drinking no stinkin Jim Jones Kool Aid anytime soon either... There, Postal you happy now ?

To: Braddock Bull who wrote (56695)	12/10/1999 6:00:00 PM
From: hdrjr	Read Replies (1) \| Respond to of 95453

see previous post: Tuesday, Dec 7 1999 8:49PM ET Aggie,Roebear,Sarge,JQP,Slider,Douglas,Razor and all the others: I am out of here! Sold everything today before I had no profits for the year left. Made a miniscule 12% for the year. This group of stocks is the most frustrating I have ever tried. I give up. Clinton will either force OPEC to open up or he will sell SPR. API and/or DOE numbers will be manipulated and natural gas prices will be driven into the ground. Cheap energy prices have become part of the bill of rights that every American and industry deserves. No one on this thread seems to get it, this is not a growth industry. I have finally just realized it myself. Demand growth means nothing. With new technologies oils part of the equation lessons. Why buy a stock that lost money last quarter, made 10 cents this quarter, and if all the stars fall into the proper position, makes 25 cents next quarter. Too many stars to align! I wish all of you the best of luck especially Sarge with that large FGH holding. While I have always hoped he was right for his investments sake, I see no reason for any new construction orders for at least three years. Even at that point FGH will be so decimated that it will not even have the employees to complete projects without further lawsuits. I feel sure that the FLC's, GLM's, SII's, Cam's etc.,etc, will eek out a living. Their only growth will come from consolidation in a dying industry. Just not worth the risk. I suppose the street is looking for individual capitulation and they have it from this investor. We have all been kidding ourselves far too long. Ask yourself this question, Why would big oil want oil service companies to do well? There is no reason. If the service companies are on the continuous brink of failure then oil companies have created a desperate need for business at a break even or less rate. Just not worth it. Obviously oil will not hold these inflated values or everyone and his dog would be investing in XOI and OSX. Even if the OSX sells down to the 50's, its promise for upward movement is probably only 80ish. 1997 was two years ago and things have changed and there has never been a guarantee that those prices would return. Boom 2000 is exactly what it implies, a large sound with nothing left afterwards. Goodluck all, you will need it, hdr