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

To: Carmine Cammarosano who wrote (9060)	1/21/1998 4:51:00 PM
From: Flan	Respond to of 95453

Tesco is also pleased to report that its unaudited net earnings for the quarter ending November 30, 1997 were $7.3 million, a 78% increase over earnings for the same quarter last year. Fully diluted earnings per share were $0.24 for the quarter, a 71% increase over the third quarter of fiscal 1997. Wow the numbers are there - Oil continuing downward and is really beginning to concern me not from a business standpoint but from the street point of view. Was todays close a new low for oil. Saw secretary Rubin speak a couple of minutes ago and you can't help but see that they are trying to put as positive light on the crisis as possible - I think the worst is still to come but then again don't take my word for it - just look at my stock picks!!!

To: Carmine Cammarosano who wrote (9060)	1/21/1998 5:24:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 95453

Carmine: Nope, and they were still up. You still short or what? I keep trying to "get it" that oil is going to $12 but my stocks keep going up. Oh yea, and my oil & gas traders say we're going to ave 18-19 this year. (LOL)--- sorry couldn't help but remember that "$12" one, I fell out of my chair laughing at the time--- Most of the traders and producers that I am in contact w/ see WTI possibly reaching 15.5, but not staying there. If you get a dip, cover. You may not though. Worst case scenario may have already come and gone for these stocks. A spike to 15.5 could be priced in at this point. You made some on the original slide, don't get greedy and let it all slip away over the next couple of months. Good luck to ya! -Lucretius