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

To: Broken_Clock who wrote (14218)	3/9/1998 4:19:00 PM
From: Redman	Read Replies (1) \| Respond to of 95453

When is the GOM lease sale? green

To: Broken_Clock who wrote (14218)	3/9/1998 4:28:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

I have noticed that the service providers' charts such as SLB (rigs too) and HAL actually look worse than the offshore drillers. Their business will be heavily impacted by a slowdown in land drilling. I'm not so sure they are the ones to follow anymore to get offshore direction. It looks as if there will be a divergence in the future? As I had said this morning. You got some selling today, but I don't think most of the investors currently involved will be jumping ship as they did this winter w/ every downtick in crude. We hit a new low in crude today and are WAY off the lows in the OSX. While, for the bears, this may just signal a slow death if crude stays at current levels for 6 months, or for the bulls like me, it means basing for another two to three months before crude begins to crawl out of the basement. 6 months of base building would do these stocks some good. That's how we've gotten such good runs the last 2 yrs when we broke out of those basing patterns that begun in Jan and lasted till May. Good Luck! Smile kids, Henry Hub was up .05 today! :) -Lucretius