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

To: terry richardson who wrote (60335)	2/15/2000 3:16:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

Reversal in a lot of techs and OS strong as can be! Does it get any better then this?

To: terry richardson who wrote (60335)	2/15/2000 3:51:00 PM
From: SliderOnTheBlack	Respond to of 95453

cxipy.com and drq.com up $4 and $5 ! - that is significant CXIPY on moderate volume too - these are two small cap fund fav's and their movement today signals a sector shift to the oilpatch. Small funds act quicker - the major fundies could be soon behind ? But, again imho, SII CAM WFT BJS will tire here very, very quickly - those who want in are scrambling in here; but there WILL be a retrace just due to the lack of buying support - at OSX 90-95 these are fairly priced given their forward looking fundies - compared to the prior cycle multiples looking forward. I think once OPEC announces - either continued cuts, or small, slow & steady measured increases; that we breakout to OSX 110ish - then re-test OSX 90-95 as the new bottom. But, it will be when the sector starts blowing away earnings numbers that we enter the Boom 2000 - run to OSX 125 -140ish by year end imo... Laggards & 2nd tier companeis are the buys today - if you want to be buying in driller/service imho. E&P's are still 30% discounted to the OSX with superior fundamentals and better earnings visibility for at least 2/3 more qtrs imho. - patience is the only pre-requisite. I would be very carefull margining any "runners" here - in fact I would look for selling/profit taking opps here and try to buy back cheaper prior to the OPEC meeting, or better yet - to rotate into laggards and catch the 2nd wave. UPR bursting out.... damn, I did not load more, but hold a decent piece, I like PXD here today as a nice buy - better fundies than UPR actually imo. Just glancing on the tracking bar on my screen I am seeing BHI HAL GLBL VRC UFAB GIFI FGH GMRK TMAR NR HOFF SCSWF WG IO - all looking like major laggards - way off their 52 week highs as opposed to the drillers & the mo-mo OSX names. BHI & HAL stand out to me as smart money plays that will be the first recepients of major sector rotation and having lots of upside. I hold a moderate position in BHI and sold my HAL from the first big blow off - looking to grab some more on the next retrace here... SCSWF has to move - since CXIPY is popping - still way cheap LT here - it could retest $10 potentially, but it has been a fund fav and its a $25 peak cycle stock... damn; I still love E&P's - EOG NBL BR XTO UPR PXD BSNX FST et al... Anyone else have any laggards they see , small cap idea's ? I have everything in my margin account here - but, entering margin only on some Major's & Integrated buying here... did buy some PXD into the margin zone however, being prudent & cautious... looking for real value like PXD's price today on good news to boot ?!? I would love to get HAL at $33 1/2 - I would just drop anchor, load the galley & feel good about the OSX (VBG) - have RIG DO FLC, bit of BHI and want some good ole HAL to top her off... to balance my now 65% E&P's vs. 35% service/driller holdings - allthough 25% of my E&P $ are now in Major's & Integrated's - UCL P OXY TX, dab of MRO - waiting for refiners to retrace a bit - TSO under $10 again - maybe a retest of $8ish ? Never thought I would own freeking Texaco ? - whodathunkit ? Probably will outperform SII BJS & CAM over the next 60 days... watch $48 to $72ish by year end = a margined double... and what risk do I have in TX here ? Margined a Major yet ?