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


To: jim_p who wrote (73827)9/22/2000 12:42:02 PM
From: thestockrider  Respond to of 95453
 
Does anyone have any comments on KCS? I bought some today at 2.

Question: How are all the equipment services companies/drillers going to make money if large oil companies aren't committing to capital expenditures and labor shortages prevent them from executing their new deals?

I'm new here and enjoy the knowledgeable discussion on this thread. In two months I've made money on stocks discussed on this thread. I was margined in my taxable accounts, but sold every oil & gas stock that had a gain over the last week, and now have ~20% cash position. PKD and KEG are now long-term holdings. I liquidated my Janus and far east mutual funds several weeks ago for gains and reduced my exposure to Japan recently.

-thestockrider