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

To: Nancy who wrote (5796)	12/20/1997 7:18:00 PM
From: tyc	Read Replies (1) \| Respond to of 95453

hi, I am not quite agree with some of your view points. >>Despite everyone saying E&P companies plan years ahead on their capital spending etc, they can always change their plans.>> Are you saying that if the oil price drop, then they might cancel the plan. And if the oil price up, they resume the plan. Did those E&P oil company rent the rig by contracts or just verbally? Their millions or billions dollar plans will not change that easy. In fact, even they plan more money they still couldn't get all the RIGs they want right now. But, I knew some concerns causing the sell-off. I has been experienced this kind of sell-off many many times for the past two years. Every time suffered 20-40% drop due to rational/irrational reasons, then came up with a even sharply advanced. I still recall last time an analyst said oil vessels is going to oversupply. Despite the real situation is not. Despite CEO/CFO of TDW held a conference call saying no oversupply, dayrate still up and their earning is better than ever before. But still causing TDW drop from 50 to 35. That is a 30% drop. I almost scared out. Instead, I bought like crazy. Then saw it run up to 70. Even now still sit @54. (VL gave this guy target 90). IMO, this is excellent buying opportunity. Not happened that often. Don't miss any money making opportunity. RISK/REWARD. Next Jan/Feb, the market will prove. Merry X'mas and good luck. tyc