SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Lucretius who wrote (15196)3/18/1998 12:12:00 AM
From: Chas  Respond to of 95453
 
FYI: Salomon Smith Barney brokers were aggressively calling their clients today and telling them to sell oil service stocks. They were also doing it yesterday. Must be at or near a bottom for sure. I am ashamed to admit it, but after holding on and losing some big profits since November, I sold NE, ESV, FLC and FGII today on fears that the GOM sale will disappoint Wall Street tomorrow. Held my long positions on RIG, GLBL,VRC, and SLB.

If the GOM sale disappoints, who knows where the bottom might be?

Hope I am wrong, and that everything shoots up from here.

Regards, Chas



To: Lucretius who wrote (15196)3/18/1998 12:52:00 AM
From: Broken_Clock  Read Replies (1) | Respond to of 95453
 
Luc-.....OT Re: UNT

I show book value as about $3.50 on Yahoo research. Ar eyou buying on margin them?

At $7 it looks like a deal. Bounced pretty good off support today.Do they do contract drilling or are all rigs in house and strictly for gas...? Are you bumping Book Value based on new reserves? What do tour sources say about canadian pipelines effecting NG prices in the USA?
Thanks
PK