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

To: RGinPG who wrote (13293)	3/2/1998 1:53:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 95453

The thing that is crazy-making about drilling companies is that I think they are all undervalued. So it is reasonable to assume they will continue to trade up to reflect their underlying value. At the same time, I'm a snake-bitten bull and have watched the stocks drop with crude prices. Though the fundamentals in crude don't look great, they may be bottoming. Since IMHO the sector shouldn't be chained to crude prices anyway, it makes sense that the stocks would take off at the least hint of stabilizing crude prices. That may be what we are seeing--either that or the return of MO players and short-covering. Of course if crude prices drop further, we'll have to see what happens. good luck, Baird