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

To: Flan who wrote (12216)	2/19/1998 11:22:00 PM
From: RGinPG	Read Replies (1) \| Respond to of 95453

I love all this talk about UFAB and TMAR. I know nothing about these companies, but that's temporary. I'm going to add them to the site tommorow rgdoczzz.home.texas.net About the price of oil: If you're tired of all the gloom and doom, take a look at this chart by Falcon: rbfalcon.com Oil is volatile commodity, the big guys know this, that's why they keep paying high prices for their rig rentals, even while the price of oil falls 20% to 30%. They know it can just as easily go up 20 to 30 %. They also know the average price over a 5 to 10 yr period will be fairly stable. All these short term gyrations in price are meaningless in the long term, unless of course you are concerned about the short term gyrations of this sector's stock prices. The price of oil does not have to rise for these stocks to go back up. THE PRICE JUST NEEDS TO STOP FALLING. And it will. Investors just have to get comfortable with the concept that we are not going to go down to 12$ a barrell. Most knowledgable analysts find this HIGHLY unlikely. (I love Bollinger bands, but how does that translate into knowledge of supply and demand of in this complex business by Mr. Bollinger). All this talk about IRAQ is a red herring and can be only meaningful in the very short term. Anyway, the short term stochastics are looking great, Got the first buy signal today on PKD. DO, FLC, CDG, RIG, MDCO, PDE, PDS, RON, BHI are poised to follow soon. I expect a significant rally within a week. Stocks like EVI, VRC, FGII, & DI have been too strong to trigger buy signals, but they will rally even more than the rest.