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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 (17913)4/3/1998 12:49:00 PM
From: Czechsinthemail  Respond to of 95453
 
PK -- With crude oil up about $0.30, I think the chances of the sector moving up look pretty good unless the overall market unwinds. In terms of the actual impact on the business of offshore drillers simply having oil prices that aren't dropping in a big way should suffice. Having oil prices move up is psychological gravy that should strengthen the resolve of more investors to buy.

Baird



To: Broken_Clock who wrote (17913)4/3/1998 12:49:00 PM
From: bw  Respond to of 95453
 
Oil up .31 @ $16.05 on USA Today quote...
Looks like I was right to call the breakout on ESV this morning. We are currently breaking out [to the downside]. What, me worry? <g>
ESV now bouncing off daily lows as I update this post...