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

To: Think4Yourself who wrote (64989)	4/19/2000 3:04:00 PM
From: Telemarker	Read Replies (1) \| Respond to of 95453

JQP: How eloquent! I agree with your logic on this one, but allow for the possibility that unless something changes the attitudes of the players in this marketplace, buying the drillers may just well be the thing to do <VBG>. How I long for the good old days, when equity market participants had some clue as to what they were doing. Regards.

To: Think4Yourself who wrote (64989)	4/19/2000 3:24:00 PM
From: jim_p	Read Replies (1) \| Respond to of 95453

John, Most of the driller ran up to far, but also most of the drillers are off 30-35% from their highs which were made just in the last two weeks. The hot money is going to come back to the drillers, as we saw with KEG and PTEN yesterday. TDBI and NR will do the same thing. NR will be the next runner from $7.50 to $10.00. I'm keeping a third of my portfolio on XNG stocks because I believe they will be a lot higher down the road, but I believe a year from now the OSX stocks will be higher than the XNG stocks. Jim

To: Think4Yourself who wrote (64989)	4/19/2000 3:31:00 PM
From: Archie Meeties	Respond to of 95453

Now 50% cash. The only thing I did today was short some more big cap tech. Wake me up when INTC is 80.

To: Think4Yourself who wrote (64989)	4/19/2000 4:12:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

"Q" - you're too sensitive - not questioning you, just expressing my opinion sure, the drillers are up - but they are down 15-30% from their highs during the same timeframe that many E&P's ramped 30% - I posted the chart earlier. Sell the pops - buy the retraces; its a no-brainer; flip-flop re-rotation play - a gift ! Plenty of drillers are flush with much more cash than most E&P's ever dreamed of having - DO ESV & I think RDC has bit, maybe PDE ....from $80 to $500M + for DO - "Q" you shoot from the hip on this stuff wayyyyyy to often. Drillers are at the peak of turning on tremendous earnings momenteum - it all happens when we reach a utilization level that trigger the move - we're there - read the driller reports, dayrates are scorchin ! E&P's - since Oil has retraced 25% - are losing revenue/earnings since last qtr & many are hedged under-market prices for NG - finding an unhedged gas pureplay (BSNX!) - isnt easy here. The cash postions in the drillers are super... but, this is NOT even a relevant point, other than solvency during tough times, or being able to make acquisitions. The E&P's as jimp pointed out - "ususally" spend their cash flow on more drilling - ie: more profit for drillers ! - with some exceptions for balance sheet repair of course. Do as you like; this is such an easy play its not even debateable imho. Rotation from the broad market has ALLWAY, will ALLWAYS go to the DRILLERS first - period, end of subject. Drillers are what all those non-energy fund mgrs know - its what they buy, its where the "mo" is.... XTO UPR APA APC BR NBL EOG - sell into strength and ROTATE !~ now; buy the dips on ESV RDC FLC RIG - or BJS, PGO etc. How's that for hubris ?