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

To: Broken_Clock who wrote (9519)	1/23/1998 7:25:00 PM
From: beachbum	Respond to of 95453

This is really a question for thread participants. How about a little debate on whether there might be some de-linking in the energy sector based on: The drillers may be more secure in earnings outlook than the others if the others are more vulnerable to price competition or new order flow. The drillers would seem to be somewhat insulated from this than say, the service companies. Though I admit that I don't know what the minimum and maximum usage features of the long term contracts are. But, based on what has been beaten into our head's, can you imagine NE for example, being told that one of their rigs on a lower rate contract was being freed up due to lack of usage. "Don't throw me into the briar patch"!!!!! It might be interesting to get some debate going on this. Any takers? beachbum

To: Broken_Clock who wrote (9519)	1/23/1998 7:37:00 PM
From: Ms. X	Read Replies (3) \| Respond to of 95453

Aren't you just.... Hey, let the bears come in by all means. Just looked at the sector and nothing as far as new sell signals has changed. Still reversed up. A wise man, and rich one I might add, once said: "When you hear everyone telling you to sell it, you know you gotta own it." This is a trap investors get in. They think the sky is falling only to find out a month later that they jumped at the bottom. I'm following the sector. Side note: A lot of sectors have come down to this level showing the market is oversold. Good deals in many places. Semi's have reversed up and are within 1% of a P&F buy signal on the bullish percent chart. Good opportunity there. Cheers