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

To: bobgh who wrote (6141)	12/25/1997 9:48:00 AM
From: JHR	Read Replies (1) \| Respond to of 95453

TO ALL....FOR WHAT ITS WORTH Just received the Janus annual report for their family of 12 funds. They are pretty bullish on our sector. This is all as of 10/31/97, the close of their fiscal year. Once they take a position, they tend to stay with it for quite a while until the fundamentals change. James Craig the manager of the Janus fund which is a $20 billion fund was strong onthe sector in his message. I'll summarize it. Net was that the service companies are especially exciting because they are changing the economies of the drilling sector. Technology in this area is making production more efficient and even if oil and gas prices remain stable profits will rise. His 20 bill fund has 12% in Oil services,drillers and exploration and another 4% in the integrateds. As best as I could count with my little calculator here's how many shares the entire Janus family has of stocks we care about: HAL ----- 8.8 (MILLION SHARES) SLB ------ 15.2 DO ------- 3.6 RIG ------ 5.8 NE ------ 2.0 FALCON 0.645 SANTA FE 3.2 GLM ------ 1.7 SMITH INTERNATIONAL 3.369 HANOVER COMPRESSION 0.483 CAMCO 0.496 EVI ------- 0.290 GW ------- 0.010