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

To: Big Dog who wrote (25803)	7/15/1998 4:11:00 PM
From: marc chatman	Respond to of 95453

Yes you did, damn it! And I like it too. VRC may give up a bit, but with all that volume it has a very solid floor. Unless they have a frightening surprise next week (no way!) it's not going to dip very far. Buyers waited all day on EVI before taking it up at the close. That stuff reminds me of the good old days. We'll get some dips, but I think the dips will now be buying opportunities for awhile. I'd still stay away from the companies warning about a bad second half (except for a few which have been beaten down so badly that I would be delighted to hold for a couple years). Don't forget, EVI and DO report tomorrow am.

To: Big Dog who wrote (25803)	7/15/1998 7:27:00 PM
From: Elmer	Read Replies (1) \| Respond to of 95453

Big Dog, regarding VRC, I thought it was very interesting listening to GLM on the conference call talk about buying additional BOP systems and risers to have on standby. They talked about how essential this equip. is in the deepwater. They also mentioned the huge loss revenue from these deepwater assets not being in working mode and that by having BOP's and risers on standby, this risk can be somewhat alleviated. If I am not mistaken, VRC has a rather large market share position in each of these products. Just think of the upside potential if the drillers decide on buying additional BOP's and risers for backups for all of the deepwater newbuilds. I wish I would have listened to your advice and bought a couple of days ago, but I still might, as the upside seems huge with volume increases and potential pricing increases. Thanks BD for the work on the newsletter, Elmer