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

To: Bazmataz who wrote (23621)	6/8/1998 10:39:00 AM
From: RGinPG	Read Replies (1) \| Respond to of 95453

Anyone want to vote for the most likely date for my next margin call? eom

To: Bazmataz who wrote (23621)	6/8/1998 10:49:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Best value....TCMS & BDI Both have been dramatically sold off - now at 52 week lows; now less than 1/3 of prior highs. Dramatic upside potential in retracing to their prior 52 week highs - not many stocks in this sector match this upside. TCMS per the prior post, is in marine construction. I believe they were sold off due to their ''shallow water/transition zone'' niche; but as the post shows, they are doing deep water fabrication and also do a lot of natural gas pipeline work. A small/micro cap with a great 2-3 year growth phase starting... they've dramatically ramped up earnings capacity. Yet to be discovered/appreciated for what type of business they are actually in. BDI has a high quality rig fleet and has been buying rigs through this downturn - they obviously will be and have been, tied to crude prices. In my opinon they have they greatest upside due to the % gain in retracing to their prior highs and possessing one of the highest growth rates of all land drillers - the land drillers have to be ''the'' values... throw in MIND due to the sell off on the investor lawsuit.

To: Bazmataz who wrote (23621)	6/8/1998 1:21:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

<<Anyone want to vote for "Best Value" in this sector?eom>> Short anything would seem top be the answer. I posted last week that as we approached the delivery date for July contracts, and there being no place to stash the oil, the contract price would drop like a rock. I just didn't expect it to be this far, this fast. I haven't checked, but I'd bet much longer term contracts haven't fared as poorly. A lot of good that does us. I guess I'm not alone in having lost so much money so fast. Has anyone heard any news about equipment orders being cancelled? Because the equipment guys seem to be faring at least as bad, if not worse, than the drillers.