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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 (11356)	2/11/1998 7:01:00 PM
From: bw	Read Replies (1) \| Respond to of 95453

Didn't see this posted yesterday: biz.yahoo.com He said that although there were contingency plans should the slide in oil prices continue, Texaco tested its investment programs at $15 per barrel and had no current plans to reduce exploration spending of $800 million for 1998.

To: Broken_Clock who wrote (11356)	2/11/1998 7:11:00 PM
From: Czechsinthemail	Respond to of 95453

PK, I wasn't the one posting options information, but with crude dropping it seems plausible that the stocks would gravitate more toward lower strike prices than higher ones. The drop in crude prices suggests traders are focusing more on bearish supply figures than possible conflict with Iraq. That may mean we get another opportunity for bargain hunting among the drilling and service companies. good luck, Baird