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


To: David Spruiell who wrote (7737)1/12/1998 7:06:00 PM
From: Broken_Clock  Read Replies (2) | Respond to of 95453
 
I am confident that the continued onsloaught of good news will prevail shortly in this sector.For those TA buffs...SLB has made a beautiful 5 wave pattern on this drop since Nov peak...http://www.iqc.com/chart/default.exe?PERIOD=120&time=day&chart=candle&chart1=ma&volume=y&rsi=y&stochastics=y&momentum=y&symbol=slb

Next week or so should be fun!

Dave



To: David Spruiell who wrote (7737)1/12/1998 8:11:00 PM
From: Czechsinthemail  Respond to of 95453
 
The Company's five year average cost of finding new reserves should remain close to $3.25 per EEB [Energy Equivalent Barrel]

Sounds like they've got a lot of room to make money even at significantly lower oil prices. And then consider that the finding costs for deep offshore oil are supposedly much cheaper on a per barrel basis. Hmmm...
Baird