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

To: Thean who wrote (3391)	11/20/1997 7:29:00 PM
From: Tom L. French	Read Replies (1) \| Respond to of 95453

Thean Someone recently asked about current price vs 52 week high, and another suggested the best bets now are the stocks that have held up best against their October 27th lows (I think that was you, and it makes sense to me). So, here are two sets of data, both as percentile: 1) rate of change from October 27th low; and 2) rate of change for last 52 weeks. The list is of companies in the driller/oil services group, broadly and informally speaking-- I add companies as I see new names and get curious. Also, the rate of change from October 27th is from open to open, not close to close--this way the computer could capture that monday low; that is, it is from the OPEN on the 27th (the low) to the OPEN today. The data are sorted by percent change from October 27th. The 52 week column is rate of change over the last 52 WEEKLY periods. Data in next post separately. Hope it is useful. TomLF

To: Thean who wrote (3391)	11/20/1997 7:37:00 PM
From: Tom L. French	Read Replies (1) \| Respond to of 95453

Thean Here is the data (explanation in previous post). Correction: the date for the low is NOT Monday, the 27th, but Tuesday, the 28th; the data here are correct. Symbol 10/28-11/20 ROC 52W MIND 55.1 264.5 NBR 15.0 120.0 DWSN 12.7 124.0 CDG 11.2 185.7 BHI 8.9 18.9 MAVK 7.7 339.3 NE 7.6 66.0 SLB 7.5 67.9 RDC 7.2 67.5 HAL 5.7 86.9 WAI 5.4 35.0 PGO 5.1 91.0 TDW 4.8 42.8 FLC 4.8 107.2 ESV 4.7 73.9 PLLL 3.1 24.8 GLM 2.3 45.4 MDR 1.8 113.5 RB 1.3 32.8 RIG 1.3 64.5 TBI 0.0 83.1 BJS -0.2 85.9 WII -0.3 64.0 DO -1.4 96.3 CKH -1.8 -5.3 DI -1.9 26.7 ATW -2.8 107.6 VRC -3.2 149.7 MDCO -3.8 68.4 RON -5.8 114.0 KEG -6.4 183.1 PDS -6.5 69.9 GLBL -10.2 130.1 PTEN -10.2 262.6 PDE -10.7 92.6 EVI -14.1 157.6 CFK -15.1 200.0 PESC -23.0 111.2 UTI -23.6 347.1

To: Thean who wrote (3391)	11/20/1997 7:53:00 PM
From: Dennis	Respond to of 95453

Thean, analysis Man, you are good. You should write a book. Peace, Dennis

To: Thean who wrote (3391)	11/20/1997 10:49:00 PM
From: scname	Read Replies (6) \| Respond to of 95453

The oil service sector is broken. The analyst job is to move your money into their pocket, how often have you seeing them yelling buy,buy when stock is at 50 and sell after it dropped to 20. I have done my homework on this sector. It is grossly over valued, any income gains in the coming year is already priced in. I'm not saying the oil biz is going bust,just the stock price. There was a lot of euphoria in this sector for 6 month based on that article about day rates going up and cost of finding oil way cheaper than $18 a barrel and growing demand from ASia outstripping supply. I bought into it and doubled my money on PKD ESV TDW SGO PXD and daytrading CKH. It was a good ride while it lasted. Why am I bearish now? The Asia bubble has bursted,demand will likely decrease 10% next year. Don't expect any growth for 2 to 3 years. Iraq holds 20% of world oil reserve and they have cut sweetheart deals with Russia, china, France and lots others, they will be back!! Even without them, the world is awash in oil. All the current exploration with highly accurate seismic data will more than replace depleted wells. The oil business has always been cyclical. Nothing has changed, I expect stocks to come back to their level 6 months ago. (Lower if IRAQ gets sanction totally lifted) BTW, Anyone know why CKH is selling so cheap? I bought in the 60s, took a loss at 59. Maybe market think it is fairly valued? If that is the case, you guys with the high PE, high PS, high PB stocks are going to be shocked soon, if not already. I'm going to add to my short tomorrow, PKD is on my mind. To those people calling me names, I understand you are feeling hurt and need to let out some anger, I hope you well. Don't lose more than your money.