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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (7567)	4/14/1998 12:38:00 AM
From: mr.mark	Read Replies (2) \| Respond to of 120523

"...but green lights seems to be flashing in my favorite oil service stocks" jenna, can you explain this comment for me? does the nymex give you this info? help. mr.mark

To: Jenna who wrote (7567)	4/15/1998 12:35:00 PM
From: jbe	Read Replies (2) \| Respond to of 120523

On ESV (Ensco International), reporting tomorrow (Thursday). Go for it! (My opinion only.) Jenna, a few days ago you referred to "the inimitable oil service sector," and listed some stocks in the sector for a watch list. Let me add ESV. It has had four positive surprises in the past four quarters, is in the 99th percentile for EPS rank, yet has a p/e of only 16.5. Plenty of room there for expansion! I would expect a significant rise after ESV reports tomorrow (it is very unlikely that ESV will disappoint), especially now that the sector as a whole is beginning a small roll in the wake of good earnings reports this week. I may be prejudiced, since I already own this stock. But I also own CRLBF(reporting Friday), which you mentioned in last week's newsletter, and which is the ONLY stock in the sector that has gotten back to -- and surpassed -- its October highs. BUT it already has a p/e of 40, and is no longer a bargain, compared to other solid stocks in the sector. So I'm not expecting much of a pop. jbe