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

To: marc chatman who wrote (25232)	7/7/1998 7:55:00 AM
From: Don Westermeyer	Read Replies (1) \| Respond to of 95453

At least some funds are buying the oil patch: Ed Cimilluca takes a different approach to picking stocks for the Oak Hall Small Cap Contrarian fund (OHEFX), up 23.6% this year. He's somewhat of a bottom feeder, spending his days checking out Wall Street's biggest losers. He's most heavily invested in consumer noncyclicals, which make up 22.5% of the portfolio, followed by consumer cyclicals, at 18.92%. "We always look for sectors that have been sold off or unduly punished for short-term problems,"says Cimilluca. Last year it was restaurants. This year it's specialty retailing. "We almost never buy a stock unless it's selling at the low end of its range." Right now Cimilluca is fishing among oil and gas stocks, which are trading as much as 40% below their 52-week highs. Two recent buys: Snyder Oil Corp. (SNY) and Triton Energy (OIL), both oil exploration companies.