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

To: Stonehenge who wrote (6117)	12/24/1997 2:00:00 PM
From: Chas	Read Replies (2) \| Respond to of 95453

Hi Stonehenge. As a long time lurker on this great thread, I finally decided to sign on to SI to post holiday greetings to all. Over the past 2 or 3 years rode ATML to a double or near double twice only to see it fall to original entry point. The third time I finally bailed and went to the oilfield services. Was up 30% or more from April until early Nov...the rest is history. My portfolio is back to approx April level. Long RIG,NE,PKD,SLB,VRC,FLC,ESV, and last but not least, FGII. I agree with Mike Simmons--from what I can find out, this one should be a long term winner. Held on through all this turmoil because of ongoing positive fundamentals. Live nr Lafayette and work nr New Iberia Louisiana (not in oil field business). Know lots of oil field people. This place is absolutely booming...billboards on rt 90 begging for oilfield and service workers. Can't hire people where I work because the oil field has soaked them up. Robbing the sugar mills to get electricians, mechanics (forget welders, you can't find any). Partially margined but not enough to worry about a margin call. Agree with you...now seems to be the time to hold on. No slowdown in oil field services in sight. Keep the faith. Kramer has turned bearish on CNBC short term, maybe we will rally now. Merry Xmas to all. Good Luck, Chas