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

To: Czechsinthemail who wrote (23409)	6/4/1998 1:00:00 PM
From: Braddock Bull	Read Replies (2) \| Respond to of 95453

Who's lagging? Ok, a little late, but looking to get-in... I'd like to see the gains hold this PM, which would give me a bit more confidence in this bounce. I'm not sure we've turned, but short-term we might get some good trading ops. So who hasn't popped significantly yet? Brad

To: Czechsinthemail who wrote (23409)	6/4/1998 2:47:00 PM
From: joe smith	Read Replies (1) \| Respond to of 95453

baird soule- we are on the verge of an interday high for the osx.x go go go!!! js

To: Czechsinthemail who wrote (23409)	6/4/1998 3:18:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Baird; do you find it interesting that TCMS is down 30% and OMNI is up allmost 30%; yet both are niche players in the'' transitional'' zone ? I bought both simultaneously based on their strong growth/upside, their microcap-undiscovered nature and business niche. I actually thought TCMS was better poised for growth and earnings.TCMS was a consolidation of 4 marine constructon business, refurbrishes and builds drilling rigs, barge rigs,and platform structures in addition to their strong pipelaying business. With Q1 acquisitions, fabrication capacity has tripled! Revenues up 86% and 50% EPS growth going into 1999. I believe ''007'' follows TCMS as well. I only think they need to hit the #'s for 1-2 more quarters and this will breakout. There are few stocks in the oil sector with this much upside. Based on 1999 analyst estimates; a PE of 20 -22 (certainly justified by growth rate/peer group) x $1.50EPS will give a valuation of $30-33, which would all most be a ''4-bagger'' from current levels. Omni lagged untill exposure in IBD, due to its earnings and revenue growth. I think once TCMS gets some exposure - it will follow. Little news of late - seems capacity has been dramatically expanded - doing work for RIG on mud module for deep drillship. I have this as my largest holding and remain undaunted by the massive hit of late. I like the insider buying last fall and by 3 insiders in Feb. @ $11.34. Their Red Fox yard remains the only yard between Mississippi and Texas with the capacity to service deepwater drilling rigs,semi-submersibles and drillships - isn't this ''the'' HOT sector ? With their announcement of acquiring another pipelaying barge and their natural gas business being so strong - why has this been hit so hard? - any opinion? I expected this to be the ''next FGII''...