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

To: Iceberg who wrote (3985)	11/30/1997 7:17:00 PM
From: tyc	Respond to of 95453

hi, Thanks for those 21 oilfield services stocks. It is quite helpful. Once any concern pop out, there is a money making opp. Otherwise, how can we get the price so attrative. Last time, I get RDC($18), VRC(23), ESV(23), CDG(22), BJS(42),.. etc at dip. As long as the following fundamental won't change, I won't exit and keep buying at low. 1) adv tech keep lower cost of finding and drilling oil. - their cost less $4/bbl, they make huge $$$ even below $14/bbl. 2) lower and stable oil price - affordable even poor, no energy cost concern 3) worldwide energy demand surging - especial China, India ( by 2000, their needs > USA) - Asia currency crisis won't stop them use more energy. 4) limited supply of rigs. - demand results the shorage, not shorage results the demand. - need extra 45 deep-water rigs to meet the demands. nice investing