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Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (993)	4/5/1998 1:09:00 AM
From: Douglas V. Fant	Read Replies (2) \| Respond to of 2005

Michael, the large oil companies have already priced in the good news from oil prices whether they go lower (helps refining margins) or whether they go higher (helps E&P Side of the business raise greater profits). On the other hand the oilfield service companies have "priced in" much of the bad news IMO- and are a safer bet moving forward... Indeed if you look at a chart of ESV since the January 9th bottom, you will see that the recent selloff is on declining volume..... Sincerely, Doug F.