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


To: Jeffrey Beckman who wrote (10187)1/30/1998 11:15:00 AM
From: The Perfect Hedge  Respond to of 95453
 
oil down.20--it's been there all morning.



To: Jeffrey Beckman who wrote (10187)1/30/1998 11:43:00 AM
From: The Perfect Hedge  Respond to of 95453
 
Seems like when the oilprice drops we drop with it today.We're mirroring oil big time right now.GD

oil down .42



To: Jeffrey Beckman who wrote (10187)1/30/1998 11:44:00 AM
From: Bazmataz  Respond to of 95453
 
And down they go.... GLM and RDC look like they're hurting the worst.. again. I couldn't help but notice that even with all the upgrades and uptalk yesterday, GLM barely made up all the ground it lost on the previous day. It lost 15/16 the day before, but after it all yesterday, was up 1 1/4. Now losing 5/8 today. For me, these 3-5% pullbacks are not insignificant. But... the longer it stays at this level, the stronger the technical base. I'd just rather see an uptrend rather than a base.

BC



To: Jeffrey Beckman who wrote (10187)1/30/1998 11:44:00 AM
From: PuddleGlum  Respond to of 95453
 
Jeffrey-
Some good news for the land drillers:
biz.yahoo.com

Swift Energy (SFY) is increasing their budget by 20% over last year. They're not a big player, but 20% is still 20%. I believe that the company contracts primarily with small, private drillers, so PTEN and UTI may not see a direct impact, but somebody's going to buy up those small, private drillers real soon.

Steve