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

To: Roebear who wrote (91088)	5/22/2001 4:13:10 PM
From: Frank Pembleton	Respond to of 95453

I can't give you a target because I don't have enuff info on Tesco ability to supply what they sell. I know they have manufacturing constraints because of the tight labour market, and getting the equipment needed to turn 13-1/2 drill collar can't be cheap. Keeping in mind that Tesco holds 85% of what can become a $1 billion industry, long term is the only way you can hold Tesco. You just never know when a pr hits, I suspect there will be 2 big ones; one concerning top drives (sooner than later), the other with their casing technology. About gold: Looks like there is two unfortunately things that will maintain the price; war and a collapsing $ Thanks for your charting analysis. Regards Frank P.