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

To: BigBull who wrote (60887)	2/24/2000 7:09:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

While Slider seems to disagree, I still think the oil SERVICES sector is the main place (in the patch) to be invested in at this time. Utilization rates should continue to grow and it will take the service industry to make this happen. As the RIGs, ESVs, RDCs and MRLs of the world put more rigs to work, the service companies will be needed to repair and restart them. Down the road, the independents and E+Ps will reap the benefits but right now it's the service companies that should be profiting the most, IMO. You have to love CAM, WFT, SLB, BJS and SII here as well as many others. I don't see these companies as too pricey as a group. I think one should check out the charts and let them be a guide as to entry points and profit points. The drillers will begin to take off once the utilization rates improve and day rates rise. Another great day in the patch!