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

To: Chuzzlewit who wrote (12589)	2/23/1998 2:34:00 PM
From: Tulvio Durand	Read Replies (1) \| Respond to of 95453

Paul, I agree generally with your post except for the part -- this sector is not a growth industry because there is only a finite amount of oil I dare say that as amount of oil reserves diminishes the need for oil drilling will increase. Thus this sector is a growth industry, and Zacks projects 5 yr growth of 20% or more for companies like CDG. As for Thean and others on this thread saying the sky is falling they are behaving like diodes or switches -- they're either completely on or completely off. That the great fundamentals for the sector remain in place doesn't mean a dang to them. That the Saddam card has been played and that future news regarding his cooperation with UN inspectors will likely be less euphoric is being discounted by them. As for me, I sold some last week (as hedge against the Saddam card) and bought back today. Tulvio