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Gold/Mining/Energy : Nabors Industries(NBR) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Lou who wrote (89)	5/14/1998 1:39:00 PM
From: unregmarket	Read Replies (1) \| Respond to of 174

Jim: I think that you have outlined a logical scenario, but NBR is strong domestically, too, and should benefit accordingly. The chart shown below can be modified to show the price versus moving averages, and we should be at a point when we'll cross over the 200-day moving average or bounce off of it to the downside. Either way, we'll know at that point which way NBR is likely to go in the short-to-intermediate term (between 20 days to 60 days). Rick M.

To: Jim Lou who wrote (89)	5/14/1998 2:42:00 PM
From: PashaBear	Read Replies (1) \| Respond to of 174

What you say makes a great deal of sense...I do think the India nukes and Indonesian angst spell trouble for Asian economies. However, my general MO is long-term investor, not trader. Interestingly, NBR has a greater ten year compounded share-holder return than Microsoft (!), over 40%p.a. This is a well-run company that did very well (long run) in the last major down-trend in its industry. Regarding the price of oil, I believe that it is a no-brainer that it will at some point start back up. The question is when. I'm willing to hold in the meantime. My hunch is that something unexpected will be the catalyst. Also, my research - e.g. the fairly recent special coverage in Scientific American - indicates that there is far less of an oil glut than people seem to think. As a final point, NBR is a conract driller, not a company directly dependent on the price of oil. Based on reported earnings, they're not doing too badly even at current price levels. I also hold CDG, RON, ESV, GLM, and TBI. Best wishes HD