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

To: marc chatman who wrote (12960)	2/26/1998 1:51:00 PM
From: Teddy	Respond to of 95453

Snipped from thestreetdotcom: The action is centered on oil services. Halliburton was up 2 3/16 at 46 1/8 while Dresser was up 5 11/16 at 44 1/8. News of the merger has sparked speculative action throughout the sector. On trading floors, oils are the only game in town. "Oil services are dominating the flow here," said one trader. "They sold off on kind of a strange reason. Now M&A is getting back into them." The Philadelphia Stock Exchange Oil Services Index was up 6.15, over 6.3%, at 103.45. The feeling that an oversold group is getting its day seems prevalent on Wall Street today. "I think that these stocks should be bought," said Bill Meehan, market analyst at Cantor Fitzgerald. "Several of these stocks look attractive to me, fundamentally and technically."