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

To: tdl4138 who wrote (23881)	6/11/1998 7:38:00 PM
From: Wallace Rivers	Respond to of 95453

Small solace to the thread: Some guy was on CNBC after the close today, and picked OFS stocks as one of his favorites, especially considering the carnage (my paraphrasing). Also, let's anticipate "La Nina"; I poo-pooed El Nino last year, but happened! To continue paraphrasing, things are always darkest before dawn...or before they turn the lights off completely!

To: tdl4138 who wrote (23881)	6/11/1998 7:49:00 PM
From: Douglas V. Fant	Respond to of 95453

Dave, Don't count us of the energy industry "out"- we are still here- and have been since 1859.... Asia will work its way through its problems- and in any case world oil demand is still running 70+mm/bbls/day- that's a lot of oil.... Right now the better capitalized energy companies are just waiting for the lesser capitalized energy companies to fold so that they can pick up their assets- "shark watch" so to speak. In the services sector watch companies with lots of cash "go shopping" in order to bolster their bottom line.... Sincerely, Doug F.