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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 (19621)	4/19/1998 10:22:00 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 95453

Has anyone noticed that OilGas-Drillers has quietly moved from rank 197 to 194 in IBD's listing? There are 325 stocks w/high EPS/RS listed in Friday's IBD as new or added stocks to top-rated mutual funds via latest public reports (time frame unknown by me). Of that 325, 11 are oil related. In order by EPS/RS: Company RS/EPS # of funds PE $Mil $Mil Ttl $M Buying Added New Invested _____________________________________________________________________ Core CRLBF 97/99 5 40 4.18 26.45 30.63 Friede FGII 97/98 8 39 2.06 10.66 12.72 Veritas VTS 94/99 7 21 1.92 16.89 18.80 Resource REXI 95/95 1 26 0 1.23 1.23 Varco VRC 90/98 11 35 40.12 40.72 80.85 Houst Exp THX 86/99 2 24 .24 .12 .36 Lyondell LYO 85/99 12 9 7.64 26.63 34.26 Canadian EEE 84/96 1 19 4.06 0 4.06 TransO RIG 80/95 17 39 34.57 85.56 120.10 GlobalInd GLBL 81/93 10 35 19.35 15.63 34.00 Caldive CDIS 87/87 3 31 0 7.24 7.24 Some funds are betting millions on oil related companys (120M in RIG!) Now, I must include, DELL is also in this list, so I don't know when these additions were made<VBG>

To: Broken_Clock who wrote (19621)	4/20/1998 12:29:00 AM
From: Lucretius	Read Replies (2) \| Respond to of 95453

Dow Jones Newswires -- April 19, 1998 If OPEC/Non-OPEC Pledges Kept, More Unneccesary-Gulf Source Dow Jones Newswires DUBAI -- If all of the oil producers that pledged production cuts last month in an effort to boost crude oil prices keep their commitments, further cuts should be unneccessary, a Gulf source told Dow Jones, Sunday. But he noted OPEC's biggest producer Saudi Arabia has expressed its willingness to consider further cuts 'if there is a need for it.' Saudi Arabia was one of the architects of the so-called Riyadh Agreement that led to OPEC and some non-OPEC oil producing countries pledging to cut output in the shadow of decade lows in oil prices. The oil ministers of Venezuela and Qatar - both widely seen as overproducers within the Organization of Petroleum Exporting Countries - said separately this weekend that their countries might be willing to make further cuts to stabilize the market. 'If all the promised cuts happen, i'm sure (further cuts) don't need to,' the Gulf source said. 'The price will improve.' He said that, while final figures aren't yet available, early indications so far show that producers are following through with their promised cuts. 'The market is right now waiting to see the result,' the source said.