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

To: Teddy who wrote (9495)	1/23/1998 3:58:00 PM
From: The Perfect Hedge	Respond to of 95453

Two days of selling into the close and oil hitting a 45 month low again!Not good for near term.Next week...ugh... GD

To: Teddy who wrote (9495)	1/23/1998 4:01:00 PM
From: Flan	Respond to of 95453

Wow if anyone could have told me that oil was going to go from $22 to 15 1/2 in only three months I would have said they were smoking something - Leave it to OPEC to once again shoot themselves in the foot - At what point do you think they will step in and say OK we are going to cut back production - This is going to be killing them in the pocket book - Me too - Hey anyone notice that SLB reported .75 and is trading at $70 PDS reported .75 and it is trading at $16 1/2 Hmmmm!!!!

To: Teddy who wrote (9495)	1/23/1998 5:55:00 PM
From: Teddy	Respond to of 95453

Is this a new 5 year semisub contract for Noble? Message 3244744

To: Teddy who wrote (9495)	1/23/1998 10:31:00 PM
From: Tulvio Durand	Read Replies (1) \| Respond to of 95453

Thanks Teddy and Ken. I invested in XCL about 5yrs ago in the $1 range and sold it for about same price a year or two later. I was surprised to see it up around $4, thinking it might have hit a big field in offshore China. Instead, as Teddy said, it executed a 15:1 reverse split, making its worth next to nothing. Roach motel is a good descriptor, Teddy. Thanks for the link, Ken (I may visit them). Teddy, did you bail out of IOM before recent crash? Is the selloff overdone? Tulvio