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


To: Iceberg who wrote (3960)11/29/1997 6:38:00 PM
From: tyc  Read Replies (1) | Respond to of 95453
 
hi,

<<< The August issue [Edition 11, 22 Aug] listed 21
oil service stocks with a total of 17 stars. The November issue [Edition 11, 21 Nov]
listed 21 oil service stocks with a total of 19 stars. >>>>

What are those 21 oil services stocks they recommend ?
thanks !!

I start investing this sector since early 1996. And now, I still own
40 srv/drl stocks with huge paper profits even with recent pull
back. I don't care what trigger those money fund to sell. I still
don't want to exit. Instead, I like to take the current weakness as
a buying opp to increase my positions and add more good companys.

Since the worldwide oil demand is surging, not only OPEC has to
increase production to meet the needs, the rest of non-OPEC has to
as well.

As long as crude won't run into over-supply, the cheaper oil will
encourage more demand. Cheaper oil will help economy also (good for
those asia developing contry, like China, India).
Therefore, those oil srv/drl company will make even more money (they
make money not before of oil price, because of oil demand).

good luck on monday.