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

To: Snewts who wrote (20380)	4/25/1998 3:32:00 PM
From: sand wedge	Respond to of 95453

There has been some interesting discussions regarding indicators which point to positive or negative outlooks in this sector. E&P budgets, employment rates, traffic, home building starts etc etc. Another indicator to consider is what I would call "infrastructure investments" being made by the leaders in this industry. Having been through the boom and bust of this sector in the 80's from a related standpoint (computer hardware then, software now), I can tell you that companies today are investing in infrastructure and back office functions like never before. Additionally, companies are interested in any technology which may give them a competitive edge in this highly contested market. If things were even remotely similiar to the beginnings of the downturn in the early 80's, this kind of forward thinking and investment would never be considered. The net result: The related businesses which support and thrive from the oil business are experiencing explosive growth right now. And from a personal persepective, the revenues that are generated from this rise are being invested right in to the companies providing it.

To: Snewts who wrote (20380)	4/25/1998 4:35:00 PM
From: Alski	Respond to of 95453

Snewts, Post hoc, ergo propter hoc (after this therefor because of this) is a very dangerous fallacy. 'Cause it happened before doesn't guarantee it'll happen again. There's some short term accurate TAers around SI saying the charts are calling for a correction soon; a big one. FA rules long term but there's so many TAers that short term their prophecies seem to be self fulfilling. Using up all your margin right now would take more brass than I've got! Alski

To: Snewts who wrote (20380)	4/25/1998 6:51:00 PM
From: Gator II	Respond to of 95453

I own and follow Parker Drilling closely, too, and have also noticed that it isn't mentioned here very often. It may be because the primary interest on this thread seems to be on the off-shore drillers and rig contractors. That's fine because the land drillers haven't been stars lately and I do own FGII, RIG, and NE, too. Parker does seem to be successfully transforming itself into being as much of an offshore driller as an onshore one, though, so maybe it will someday be getting more respect especially if they can keep on delivering good earnings (an earlier post, today, said Smart Money currently has PKD as their #l pick in the Oil Patch and the drillers are their 3rd favorite group now and that can't help but be positive for it next week)...GATOR II P.S. You might want to check out Yahoo's PKD thread, it pretty active for a single stock board and occasionally has some good information.