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

To: Roebear who wrote (60186)	2/11/2000 5:30:00 PM
From: Braddock Bull	Read Replies (2) \| Respond to of 95453

HAL at $34? What's going on here? The world's largest drilling company approaching levels last seen in March '99? I tell ya, either there is some specific major negative news item coming for this company, or it's the most oversold opportunity to come around in a long time. $35, $34, $31... doesn't make much of a difference in the grand scheme of things. This is a $60 stock. As I remember, we pretty much knew the details of the last OPEC cuts weeks before the meeting. I realize this is a different scenario, but HAL is priced for $18 right now. Does anyone seriously think OPEC will let that happen? I'm sure that the gist of the OPEC consensus will be well-known within a couple weeks... a modest, orderly 1% - 2% increase in production as a concession to the political pressure. What will that mean for crude? Probably $25. Does anyone seriously think that stable $25 oil won't spawn the long awaited broadening of the drilling expansion? Obviously quite a few do, but they're wrong. Brad