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

To: The Perfect Hedge who wrote (4101)	12/1/1997 5:17:00 PM
From: Daniel M. Whipple	Read Replies (1) \| Respond to of 95453

Glen, Oil Drillers sure are giving us a buying opportunity. (I Hope!). The way I see the situation is that the oil drillers are probably the safest place to be in the oil industry. The situations with OPEC/Iraq bodes well in certain aspects to the drillers. This current set of events will probably make some drillers put off putting additional supply on line. Consolidation within the industry will likely occur to protect their pricing, etc. etc. A buy today = 40% gain sometime during 1998. Do I have rose colored glasses or what? LOL Daniel