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

To: SJS who wrote (5546)	12/17/1997 4:51:00 PM
From: Teddy	Respond to of 95453

Except from a streetdotcom article today mentioning some funds that own/buy drillers. The $1.3 billion Fidelity Select Energy Services fund -- packed with oil-service powerhouse names such as Halliburton (HAL:NYSE), Schlumberger (SLB:NYSE) and Dresser Industries (DI:NYSE), as well as big deep-water drillers like Transocean Offshore (RIG:NYSE) and Noble Drilling (NE:NYSE) -- is down 8.2% for the quarter, though it is No. 1 in its group by far. As of Sept. 30, it was up 65.3%. Fidelity's fund, with Bob Ewing at its helm, is likely to end the year with a return above 50%, especially if Tuesday's rally in the energy-services sector continues and fund managers stock up on discounted drillers and oil service companies. Indeed, PBHG's Pilgrim has been a buyer all quarter. His energy holdings -- which include such drillers as Cliffs Drilling (CDG:NYSE) and Global Marine (GLM:NYSE), and 3-D seismic companies such as Input/Output (IO:NYSE) and Veritas (VTS:NYSE) -- now constitute about 12% of his diversified growth portfolio, up from 9.2% at the end of third quarter. Eric Gustafson, manager of the $2 billion Stein Roe Growth Stock fund, is also a firm believer in the future prospects of the oil sector. "It's still a place we're going to make money in '98," he says. His fund's exposure to the sector -- which is 10% of his holdings -- has been significant, and although the volatility of the past six weeks has affected his fund's performance, the fundamental oil supply-and-demand equation is unchanged, he says, and he remains committed to the sector. He likes Schlumberger, EVI (EVI:NYSE) and Falcon Drilling. (FLC:NYSE).

To: SJS who wrote (5546)	12/17/1997 5:10:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 95453

To All-TA Stuff- I don't go through all the issues like our man Thean does but I have looked at a few.I am just getting strong buy signals after today's action.Most of these stocks move together so I think this ta reflects most of our stocks.If we are getting back to some normal trading in these stocks(meaning that the bad days are not 10% losses) and the charts are any indication then things look real good until we reach upper bb's which looks like another 10% from here.I've got my fingers crossed but my superstition which has worked obligates me to say: "This move up was a deadcatbounce.I expect us to retest lows again." GD