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

To: mph who wrote (25027)	6/30/1998 10:13:00 PM
From: Big Dog	Read Replies (2) \| Respond to of 95453

LT -- Good to see an old face around here...sure miss our fave voodoo babe miss lisa! And little teddy too. I have a little theory on these drilling companies -- on why they can just only make so much money before they limit out. As opposed to Yahoo and its ilk. Nothing really fancy just common sense I guess, assuming you understand the drilling bidness. I will write this up and put it out on the first official edition of Offshore Drilling Bits, The Dog's nuevo e-newsletter. Hopefully out sometime this wknd. To subscribe for free, send blank email to: mailto:offshore-subscribe@makelist.com FGII was really wanting to break out today...still made a nice little rise. Remember, its a leader. MIND is dead meat until the CAL's are dismissed, maybe that is soon? Anybody know how to check the court docket? RIG seems to be attracting money. I heard a rumor today that there had been a deal in place to buy MDCO and sell of the jackups to pay for it...but the deal broke down for some reason. Just a rumor. But gauging the stock action of 6-8 weeks ago, if you recall, MDCO stayed steady on high volume while everything else went down. Could have been someone buying in relation to such a deal and has now taken to selling....just a thought. If this is the case, I would say the selling is over. MDCO looks and acts like it wants to be a leader on the way back up. big

To: mph who wrote (25027)	7/1/1998 1:35:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 95453

mph, I disagree. You are nuts, but you are right about gold! (Just kidding!) There is only one reason for gold to increase, and that's a perceived devaluation of our own currency through inflation. There simply are no inflationary pressures on the horizon. Also, Greenspan and co. have taken an anticipatory stance with regard to inflation. They obviously believe that it is better to head it off than react after the fact. As for wage pressure, I believe that real wages are about the same today as they were in 1989. The only economic worry is that the Asian economic problems will slow the US economy to the point that we will stagnate for a bit. But being the optimist that I am, I believe that Asia has received a megadose of reality, and this will set the stage for a more reasonable economic recovery. The Japanese will restructure their banking system in a way reminiscent of our own S&L bail out, and will enact some rules regarding real estate speculation. I believe that we will see an end to much of the protectionsist regulations which will create even more opportunities for world commerce. I don't expect this to happen overnight. I believe we will see the beginnings of a Japanese recovery in 1999. But I also believe that this will be a slow and painful process because the Japanese will not willingly shed their mantle of protectionism nor break up some of their powerful business combinations nor let some businesses fail altogether. TTFN, CTC