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

To: Flan who wrote (12844)	2/25/1998 6:57:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

DPSI is not a land driller, they are a service provider to the drillers based in San ANtonio (I owned them for the run from 12 to 22) he, he, he! Don't know about DPSI (spreads were HORRIBLE on that thing- MM was raping everyone!) But I think the land drillers are fairly close to the bottom. You might get one last plunge if oil tries to find a bottom from here, but they should snap right back. So the quest to me is, do I buy here and ensure myself of being in on the run up or do I wait and gamble that they make one more plunge so I can pick them up dirt cheap and maybe they don't and I miss the run-up altogether. I've already bought. :) They look to be in strong consolidation to me. NBR was up strongly today. They are the leader. HAL was also up strongly. Increasing gas prices will help most land drillers and make things not as bad as everyone believes. Call any driller, while all say there is weakness in their oil drilling mkts, but gas is stronger than ever. Go ahead call 'em. I have! (NBR, UTI, UNT, ) As for the weakness in their oil mkts, I think the worst is priced in. Drilling will return to previous levels when crude comes back out of the basement and then these stocks will soar again. They'll soar before that happens however, when 1st qtr is reported and many co's report not as much weakness as everyone expects cause the gas mkt is so strong. Good Luck! -Lucretius