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

To: bw who wrote (9878)	1/27/1998 5:43:00 PM
From: Bazmataz	Read Replies (2) \| Respond to of 95453

All: Joe Battipaglia on CNBC just said..... the oil drillers are in the early phases of a very long bull run. He said these stocks have taken a hit and over the long run these stocks should do very well. The caller asked specifically about SLB and he responded that he would be a very strong buyer of SLB and the oil drilling stocks right now. Then..... Maria went butt in and asked later on... getting back to the drillers.... won't the trouble in Asia negatively affect the drillers? (Thanks, Maria.) Joe then said, 'But Maria, Europe and other areas of Asia will more than make up for the demand that may drop from certain areas of Asia.' He basically said what we all know - that these companies work to build up inventories, not to meet current demand. Tell me something else ---- then why aren't these stocks moving? BC