Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SJS who wrote (25927)	7/17/1998 11:17:00 AM
From: tdl4138	Respond to of 95453

Assuming we're at the bottom...< again > and the price of crude turns the corner, back to $18-20.. How would this effect the recovery in Asia? If capital is scarce, and the price of commodities rise... If, for example, open conflict were to break out in the Middleast, a distinct possibility considering the personalities involved, and oil were to spike... would this create chaos in Asia if they couldn't afford oil?? Just My Thoughts Dave

To: SJS who wrote (25927)	7/17/1998 11:31:00 AM
From: bw	Respond to of 95453

From Briefing.Com: 11:18 ET EVI Weatherford Inc. (EVI) 35 9/16 +3/8: --Update-- DLJ maintains "top pick" rating on manufacturer and supplier of oilfield equipment and contract drilling services with a price target of $72 after company posts in-line Q2 results; raises FY99 EPS from $3.50 to $3.60 to reflect a lower tax rate.

To: SJS who wrote (25927)	7/17/1998 11:35:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 95453

One recent post mentioned the "decoupling" of these stocks from oil prices. It AINT gonna happen. No way, no how. After all we have been through for about 25,000 messages, I would think the one thing everyone has learned is this: Oil pays the bills. More about this in the weekend newsletter. (Subscribe for free at link below.) Big jump.to