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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 (4108)	12/1/1997 4:57:00 PM
From: David Spruiell	Read Replies (1) \| Respond to of 95453

All this reminds me of the Disc drive thread last summer. Lots of people supporting how great the drive stocks are while watching them drive down as much as 80 %. The drives were and still are a solid business. But the stocks crashed. The reason doesn't matter and for that point, there doesn't need to be a reason. A little traders joke: When do you know when you have hit bottom? The analyst will issue downgrades. Bad Humor David

To: The Perfect Hedge who wrote (4108)	12/1/1997 5:01:00 PM
From: Alias Shrugged	Read Replies (2) \| Respond to of 95453

Just received my ValueLine in today's mail. Prices are as of 11/19/97, so their analysis does not reflect the full beating we have taken. They are still very bullish on this sector, but note the sector is risky. They cover 23 Cos in the Oilfield Services industry. 14 are ranked 1 for timliness (their highest ranking): BJS, ESV, GLBL, GLM, HAL, NBR, NE, PKD, PGO, RDC, SII, TDW, VRC & WII. 5 are ranked 2 for timliness: BHI, CAM, HP, SLB & RIG. Remainder are ranked 3 or less (or no rank): BRR, DAN, DI & WAI. They have raised ther 3-5 year price projections on a number of them, notably, GLM to 50 - 80; BJS to 120-180; DAN to 19-30; HAL to 60-90; NBR to 55-85; PKD to 20-35; SLB to 105-130; RIG to 80-115. Other tidbits: GLM - The effective tax rate will probably be 28% in 1998, in lieu of our previous 35% estimate, because GLM plans to create an offshore, tax-sheltered subsidiary to include all non-U.S. assets. Earnings are expected to grow 20% in each of the next 3-5 years. Mike