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

To: PartyTime who wrote (15029)	3/17/1998 11:25:00 AM
From: Lucretius	Read Replies (1) \| Respond to of 95453

<<<If gas is up today, and MDCO is a half-gas/half-oil driller, why isn't it gaining benefit from upward gas prices. Consider that I'm relatively new at this and am still trying to learn about all of the contradictions.>>> Gas is not up big, up steady nevertheless. Remember the mkt is NOT efficient. Emotion often takes things to extremes. That's when you step back and look at what's actually going on at these co's. If they have very little exposure to oil and oil prices are diving, you buy when there is value. EVERYBODY: Listen up! This is the historically worst month for energy prices as we transition out of winter and into spring w/ no buying for the summer driving season. If you want to sell and think it is over, at least wait for the bounce when crude kicks back up a little as it normally does over the next two months reagrdless of whether I'm right about prices returning to $17. Then bail. Just trying to help you guys out. :) -Lucretius

To: PartyTime who wrote (15029)	3/17/1998 11:33:00 AM
From: Ken Robbins	Read Replies (2) \| Respond to of 95453

I have read a lot of discussion on this thread about which drilling contractors drill for gas and which for oil. As far as I know, rigs are hired to make holes in the ground, or sea bed as the case might be. Doubt that they are even told what the objective is. Now, it could very well be that certain drillers have a history of more work for companies that specialize in either gas or oil or work more in geographic areas favoring either gas or oil. However, any such trend could change in the future. Certainly there is no difference in rig specifications between gas and oil drilling.