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

To: JHR who wrote (14821)	3/14/1998 11:49:00 AM
From: RGinPG	Respond to of 95453

Don't sell yourself short, you probably got in at the right time this time. I thought I was getting good at timing until my HLX fiasco. Tuboscope is the world's leading supplier of oilfield internal tubular coating and tubular inspection services; oilfield solids control equipment and services; and coiled tubing and pressure control equipment to the petroleum industry. Additionally, it provides in-service inspection of pipelines; manufactures high pressure fiberglass tubulars; sells and leases advanced in- line inspection equipment to makers of oil country tubular goods; and provides quality assurance and inspection services to a diverse range of industries. The company manufactures coiled tubular units, which uncoil flexible steel pipe into a well as it is drilled, and fiberglass tubes. Tuboscope provides solids control, which involves pumping fluid into a well to get drilling remnants to float to the surface. The company also inspects new and used pipes for defects, damage done in-transit, and service-induced flaws. It provides in-service inspection of pipelines for oil, gas, and related products; designs and builds in-line inspection equipment for manufacturers of oil industry tubular goods; and performs storage-tank inspections. Good sized company:Market Capitalization 810.1 Mil Good earnings growth: 1999ÿ N/Aÿ N/Aÿ N/Aÿ N/Aÿ year = 1.72Eÿ 1998ÿ 0.27Eÿ 0.33Eÿ 0.37Eÿ 0.38Eÿ year = 1.38Eÿ 1997ÿ 0.19ÿ 0.28ÿ 0.32ÿ 0.37ÿ year = 1.22ÿ Current P/E = 14 Est 5 yr annual grth = 22.5% Good positive earnings surprises last two quarters 6% and 9%. Has had positive earnings estimate revisions the last 2 weeks. Chart looks very similar to many land drillers, with somewhat more strength. I saw no mention of any underwater activities in any of my readings. Looks like they are in to acquisitions, and have a high cash flow. tuboscope.com An interesting company. I'm thinking of adding it to rgdoczzz.home.texas.net

To: JHR who wrote (14821)	3/14/1998 12:59:00 PM
From: NucTrader	Respond to of 95453

I hope your buy comes out well, but if you're considering yourself a bear indicator, you have company, at least as far as the general market is concerned. I follow astroecon.com in the free weekly market update section, not because I believe in his combo of TA and astrology, but because I've found his predictions pretty much "right on" since I've been following him [early January of this year]. Check out what he has to say for upcoming week. Also read somewhere recently that Foster Fries, the manager of Brandywine is now 60% in cash, and he began to go there in early fall of '97. And lastly, the guy who does a great job of managing my IRA is a market timer who is fairly heavily into TA. In his monthly newsletter for March, he had a pretty scary graph of divergence between price and volume for the S&P for most of this year, which usually signals "Bad things this way come" [just don't say when]. I've been in cash since 3/2/98 and plan to stay there for the near term. Hope you're right and I'm wrong.