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

To: bw who wrote (16879)	3/27/1998 1:54:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

That's my point bw. What are realistic price targets? If RIG was fairly valued at 64 then why the drop to 49? market perception and nothing else. Therefore, establihing a fair value price target would seem practical. Then, now that we know oil has bottomed, we can know when to buy on the dips as the stocks move towards the fair value targets. UTI for example, may never see 16 again. But if it does test 16, it's nice to know that it is supported at that price. PK

To: bw who wrote (16879)	3/27/1998 2:07:00 PM
From: marc chatman	Respond to of 95453

Perhaps, but don't forget there are 3 oil stocks in the DJIA. I think they count about 10% or so toward the average. Also, the futures could soar on confirmation of the OPEC cutback, but we should expect them to settle back. I figure the news has been pretty much priced in to the oil.

To: bw who wrote (16879)	3/27/1998 10:12:00 PM
From: MyStoxGoUp	Read Replies (1) \| Respond to of 95453

Another really short term view: In this frothy market with new IRA money coming in everyday it is difficult for portfolio managers to find "value-plays". We have always known that the oil services were fundamentally sound but have suffered because the whole sector is commodity driven. Now that it is clear that all oil producers are unwilling to allow oil prices to deteriorate, than the signal is now clear that oil will go nowhere but up.The portfolio managers now have the excuse they have been looking for to accumulate oil stocks. In an extended market,beaten down stocks with real earnings growth are a welcome opportunity. I say buy.There is still tremendous upside. Look at RIG. Phil