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

To: jbe who wrote (21895)	5/12/1998 5:58:00 PM
From: Elmer	Read Replies (3) \| Respond to of 95453

JBE, if you have AOL, go to the oil & gas board and ask Trapper. He has a great handle on the OCTG market. A key measure in analyzing the OCTG companies is OCTG per rig and this has been on a significant rise to the detriment of pricing. Distributors of OCTG have also cut back on orders as there is plenty of inventory and they are feeling uncertain with regard to future rig activity levels and they don't want to build inventories any higher. OCTG companies have tremendous operating leverage to increases in volumes sold and pricing. Late last summer and early fall, we saw the upside to this leverage and now we are experiencing the downside. I too am frustrated, but I feel these stocks have limited downside from here and some tremendous upside - but then again, I was saying that same thing to myself at about 15% higher prices.

To: jbe who wrote (21895)	5/13/1998 1:01:00 AM
From: Tulvio Durand	Read Replies (1) \| Respond to of 95453

MAVK Q earnings 0.30 vs. estimate 0.33 reported last month may be a reason for continued weakness -- one of the few in the sector that missed estimates. So a MAVK owner might be tempted to jump ship to another tuber like EVI or CXIPY whose oil patches look more gleaming at the moment. Tulvio