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


To: Lazlo Pierce who wrote (6342)12/31/1997 10:19:00 AM
From: Thean  Read Replies (1) | Respond to of 95453
 
Count myself lucky I still have my internet connected this morning. It may go off anytime so I'll post when I still can.

Good opening strength today for the drillers and the overall market is not acting on good strength. Still a good sign. Again the opeing strength pattern reminded me of the good old time when the drillers are rallying into strength. We will likely get some softness midday and hopefully we will close on strength again. That will make this Friday a day to look forward to.

As to the discussion of P Engr, I respect his view and he is quite accurate in his short term call. Definitely not a small potato. In fact, those who follows him makes out a lot more than otherwise, IMO. PTEN is definitely way ahead of the pact for now at least so I can fully understand his selling PTEN. On CDG, I'm a little bit more puzzled. Remember, the drillers have a way of going overboard in both directions so we should always be cautious to not sell-too-early.