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

To: Roebear who wrote (67579)	6/5/2000 11:17:00 AM
From: Big Dog	Read Replies (2) \| Respond to of 95453

From Frost this morning: Even with a moderate pull-back in commodity prices, the fundamental outlook for oilfield services is better now than it has been in many years. As we expected, many E&P independents are revising their 2000 capital spending budgets upward in an attempt to take advantage of the high commodity prices. These higher spending levels bodes very well for oilfield service companies. Given the recent decline of the Oilfield Service Index to 113.33, we believe another opportunistic entry point has emerged for investment in the sector. We believe the oilfield service stocks are positioned for another surge upward, and we continue to believe the early beneficiaries of higher E&P company spending will be North America natural gas leveraged service companies. We highly recommend investors add to positions in drilling and drilling related companies with meaningful exposure to North America onshore and the shallow water Gulf of Mexico. These companies include BJ Services (NYSE: BJS; BUY), Weatherford International (NYSE: WFT; STRONG BUY), Nabors Industries (AMEX: NBR; STRONG BUY), Tidewater (NYSE: TDW; STRONG BUY), Pride International (NYSE: PDE; STRONG BUY), R&B Falcon (NYSE: FLC; STRONG BUY), Helmrich & Payne (NYSE: HP; STRONG BUY), Cal Dive International (NASDAQ: CDIS; Not Rated), and Horizon Offshore (NASDAQ; HOFF; Not Rated). Dog Note: PKD is not covered by Frost (or others). It has excellent shallow water jackup exposure, not to mention 26 inland barges in the GOM alone....