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

To: Czechsinthemail who wrote (18616)	4/9/1998 1:56:00 PM
From: Broken_Clock	Read Replies (3) \| Respond to of 95453

Baird...could the quick drop and bounce in ESV have been on of those grabs for the "stop loss" shares? ESV went down and cleaned out about 100K shares at a price about 1/4 below the recent lows...hmmmmmm..... then just as quickly right back up with no explanatation fo the dip. 207.95.154.130

To: Czechsinthemail who wrote (18616)	4/9/1998 2:36:00 PM
From: Broken_Clock	Respond to of 95453

Baird...NOW we know why the dip in ESV. That was a huge chunk that got dropped.

To: Czechsinthemail who wrote (18616)	4/9/1998 3:00:00 PM
From: Broken_Clock	Respond to of 95453

Baird...let me correct my previous post. That was a huge chunk that got bought! Check the chart...somebody loved ESV for about 250K on the last big dip.http://207.95.154.130/chart/default.asp?period=120&time=5m&chart=candle&chart1=ma&volume=y&rsi=y&stochastics=y&momentum=y&symbol=ESV How'd they know it would go so low? rats...I wish i was in at sub 26 rather than 28 G

To: Czechsinthemail who wrote (18616)	4/9/1998 3:30:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

Hi Baird: I was expecting a little pop in ESV today as a result of it being one of the four stocks chosen in the latest pros vs. darts contest in the WSJ. Probably can't get without subscription but: interactive.wsj.com The guy said: Mr. Wilbanks is going with Ensco International Inc., an oil-field services company based in Dallas. He says that he likes the energy-services sector and that Ensco is one of its best-managed companies. It has a strong balance sheet and good cash flow, and owns "a good collection of premium rigs," he says. He expects 50% earnings growth this year and 20% in 1999. The industry is in a period of high growth, Mr. Wilbanks says, but the low price of oil has depressed stocks, making them more attractive. He sees another advantage to the oil-price drop: the drilling industry is unlikely to overbuild. Ensco is "a growth company at what we think is a reasonable price," he says, noting that the stock is off sharply from its 12-month high of $47 in November. Ensco closed on the Big Board Wednesday at $26.25, up 12.5 cents. Could be negative news since the darts won the last contest ! What do you think of his "unlikely to overbuild" scenario ? John