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

To: davep who wrote (11229)	2/10/1998 1:03:00 PM
From: RGinPG	Read Replies (1) \| Respond to of 95453

NBR up 4%, PTEN down 4% .... go figure.

To: davep who wrote (11229)	2/10/1998 1:09:00 PM
From: Czechsinthemail	Respond to of 95453

We seem to be in a push/pull between a positive stock market action tending to draw money to the drillers and oil service companies as bargain stocks and weak crude oil prices that tend to encourage selling. It will be interesting to see which prevails. I've been using the opportunity to shift funds from shallower drillers that have been relatively stronger recently to RIG. My theory is if crude prices strengthen, all the drillers will have a positive run, but if crude prices weaken, the deepest drillers will be impacted least. Hence better risk/reward. Baird