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


To: Joe Glip who wrote (7888)1/13/1998 5:08:00 PM
From: Thean  Read Replies (2) | Respond to of 95453
 
Joe,

PTEN closed today at 23.625, wondering about $45
TMAR closed today at 23.125, wondering about $34
SESI closed today at 7.94, wondering about $13.625
CDG closed today at 39, wondering about $65

CDG has the best shot according to me. I base this on its past price action and it always rebounded well. CDG is a natural gas play. If crude continue to sink but natural gas can hold its ground, CDG will be rewarded.

PTEN is very volatile. It can go straight up as well as straight down. Good land prospect but don't hold your breath.

TMAR - less likely to get there than CDG. Not in the most glamorous part of the oil services sector. But it will move in parallel.

SESI - I know very little about SESI.