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

To: Ken Robbins who wrote (19394)	4/16/1998 6:17:00 PM
From: Chas	Read Replies (1) \| Respond to of 95453

Yes, Orlando of Value Line was very positive on the oil service cos. He said it several times. Even said people should sell their big integrated oil holdings and buy oil service. Said our stocks were selling at 50% discount to the market. I thought we would be up today for sure, with good earnings and oil up. Was a big disappointment. At one point my FGII April 35's were 1 1/4 in the money, but I was in a labor negotiation and missed out. It closed right at the money. This sector would try the patience of a saint. Good luck, Chas

To: Ken Robbins who wrote (19394)	4/16/1998 6:21:00 PM
From: rocklobster	Respond to of 95453

Thread: I just got done reading a Wall Street Journal special edition on the top 1000 companies of 1997 The thing that impressed me was that the oil well drilling and services sector was the number 1 sector for the 5 YEAR PERIOD ending in 1997 . This sector has been remarkably steady returning over 42% a year on equity and that's the average of all companies. There were many companies in the 5 and 10 year best returns including 1 Year NOI @ 122% return 3 year EVI @ 104 % annual return Reading and Bates 91% annual return Global Marine 89 % annual return 5 Year Enseco ESV 71% annual return GLM 63 % annual return EVI 60 % annual return R&B 58 % annual return 10 Year EVI 46 % annual return Nabors 43% annual return I almost bought my first internet stock this morning CNWK at 28 but I saw red on the screen and thought there must be something wrong with it so at about noon it started up and like a dear watching the headlights come towards it I watched it run all the way up to 36 without slowing down for a second. It was madenning and caused me to miss my great re entry into GLBL Which incidentally returned over 80 % on equity to investors in 1997 and is just now barelly off its high. If you want to hear something really discusting, I bought some AAPL apple computer today for an earnings play and found them in this writeup as the #1worst performer for the last 5 years. I lost a half point on it by buying the gap open and selling the close. I should know better than that by now. Later, Richard