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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 (11369)	2/11/1998 9:44:00 PM
From: Flan	Read Replies (1) \| Respond to of 95453

Well it looks like oil wants to go back to the 15s not even a likely attack on Iraq can keep it in the 17 range - Oil was not a concern of mine a few months ago but boy has that changed - Now with execs saying that capital spending prgrams will be scrutinized if oil stays where it is I am beginning to questions my staying power in some of my stocks. Unfortunately I own some Land drillers and service companies and lower rates and softness are no longer just rumors - but on the other hand these stocks are so cheap that I cannot see them getting any cheaper although i said that two months ago - Saudi Arabia seems to be willing to play russian rullet since they have been the only one playing by the rules in the past. Looks like Rainwater's call of $30 OIL IS PISS IN THE WIND AT THIS POINT.