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

To: Tommaso who wrote (88504)	3/10/2001 11:02:48 PM
From: Tomas	Respond to of 95453

Oilpatch Burning Bright Financial Post, March 10 By Thomas Hirschmann The TSE 300 oil and gas subindex is finding new highs. Dennis Mark, technical analyst at Merrill Lynch & Co., said that the "bullish breakout" across the 8600 mark completed a one-year triangle formation. In tech speak that means it has the momentum to move higher, with Mr. Mark giving upside projections of 9600 to 9800. Ed Yardeni, chief market strategist at Deutsche Bank Alex. Brown, recommends an overweight position in oil and gas drilling and exploration stocks. He said drillers should move above their 200-day moving average again and explorers should continue in their current uptrend. George Vasic at UBS Warburg said that the next three months represent the best time in the year for oils and gas stocks, with gains typically around 10%. That said, he's underweight the sector, given a 12-month investing horizon.