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

To: Captain James T. Kirk who wrote (23942)	6/12/1998 9:45:00 AM
From: Jeff Sutton	Read Replies (1) \| Respond to of 95453

Tired of MDCO bargains. Bought a bargain at 24, and at 20 ...

To: Captain James T. Kirk who wrote (23942)	6/12/1998 10:46:00 AM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

MDCO....yes a bargain & I'm buying ! - we've turned the corner IMHO. I'm seeing green; finally - it's time for the bottom fishers to gourge themselves ! This zoomed to the top of my radar screen this a.m. WOW - totally misvalued; MDCO will be near the top of all the shallow drillers to see a major shift in earnings coming from deep water longer term contracts in 1999; increasing from 15% to 35% of earnings according to Smart Money article previously mentioned. I've read one report saying 50% of MDCO's cash flow will come from deep water by end of 1999. FGII, EVI are screaming --- BUY ME ! CDG & FLC also; (IMHO) are also irresistable at these levels... How greedy and reckless can these damn shorts be ? Their day of reckoning will soon come. I'm trimming back on some laggards and averaging down on core holdings with ''net'' buying; this has to be within 5% of any conceivable bottom for solid companies like FGII, EVI, FLC , VRC, CDG etc. For the patient with cash just entering the sector; I'd love to be buying land drillers like BDI, PTEN, UTI and stocks like TCMS, HMAR at sub prior 52 week lows... hey add in OMNI , back down to where it made its 30% run ! I'm unloading all available cash ... FGII, EVI just waiting to see a support level... unbelieveable @ sub $30 & $40 respectively...