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

To: Big Dog who wrote (5133)	12/14/1997 8:29:00 PM
From: Big Dog	Respond to of 95453

continued: my note: This is just part of the fine report produced by Rightline. I don't generally think it is proper to post paid newsletter info, but I want you guys to get a taste of this superior publication and then go get your own FREE two-week trial. You will be glad you did. rightline.net Ps. I have no commerical connection to the newsletter -- it is just GOOD! Dec 14, 1997 - The Right Line Split Report - Part 2 of 2 OIL DRILLERS, Continued. This sector is not going to fall over and die.ÿ A multitude of forces have caused the correction in the sector.ÿ After a tremendous year, many portfolio managers sold their holdings to lock in profits. The sector's long-term fundamentals remain in place.ÿ Strong earnings and revenue growth, strong worldwide demand, high utilization/day rates and increased operating efficiencies are all intact - if not better.ÿ Without a doubt the market as it usually does, overreacted to several events from the increase in OPEC's production, which turns out to be a non-issue as most OPEC nations couldn't increase production even if they wanted to. A recent fall in oil prices didn't help, but the price remains a high enough to make drilling activities highly profitable.ÿ The pullback late last week affords us the opportunity to pick up shares of many of the group at significant discounts.ÿ The rally two weeks ago clearly indicates that there are a lot of buyers out there who haven't forgotten about the Drillers.ÿ Favorites include starting from the most attractive: Fride Goldman (FGII) - Tremendous earnings growth.ÿ A company on fire. Marine Drilling (MDCO) - Way oversold and has a lot of irons in the fire. Schlumberger (SLB) - Positive earnings revisions this week. Tidewater (TDW) - The best of the boat builders. Cliffs Drilling (CDG) - Tremendous earnings last quarter.ÿ Oversold. Ensco International, Inc.(ESV) Halliburton (HAL) Rowan (RDC) Global Marine (GLM) - Upgraded this week. BJ Services (BJS) - Just announced a split. Bayard Drilling Technologies (BDI) Veritas (VTS) - Just announced record earnings this week. Global Industries, Ltd. (GLBL) - New contract this week. Input Output (IO) - Upgraded to aggressive buy this week. Varco International (VRC) Baker Hughes (BHI) Gulf Island Fabr. (GIFI) Atwood (ATW) - Upgraded Dresser Industries (DI) Coflexip (CXIPY) - Tuesday, CXIPY was upgraded toÿ a "buy"