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

To: SliderOnTheBlack who wrote (25987)	7/19/1998 6:01:00 PM
From: Hawaii_Sunrise	Read Replies (2) \| Respond to of 95453

Sliderinthebutt, Been a lurker for years and the best advice for you is to go back to the beginning of this thread. Discussions about bottoms which you keep on harping about is here and now and it seems your head has been handed on a platter. Wise up and listen to what others have to say. The decoupling effect has also been discussed and again, please go back and read, reread and then maybe you can contribute something New to the thread. Hawaii Sunrise

To: SliderOnTheBlack who wrote (25987)	7/19/1998 7:14:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Slider, You are a long winded fella...on that no one can argue. But I think you are trying to convince yourself of some things that may just not be so. These drillers aren't proving anything, as you say. They have some rigs that they work when they can and charge what they can. When oil prices are higher, more oil companies want the rigs so the drillers charge more. When oil prices are lower, the reverse happens. It really is as simple as that. Rigs are commodities. Drillers do good when their commodity is in demand. It's not exactly rocket science. You have some powerful assumptions about how stock prices will increase 20-50%? I don't know why you make that assumption. And just because we are here does not mean the prices of these stocks will move higher. The only decoupling I see is in deepwater work. And this is only a "temporary" decoupling due to the very long lead times. Eventually in a market of "just in time supply" (if such a thing could exist), there would not be decoupling from oil prices in this area either. My son may not think his movie going is coupled to oil prices, but when oil is low and the Big Dog has a reduced cash flow, he may be watching TV. Point is, everything is coupled to that singular item that pays the bills. Temporary aberrations may appear, but not for long. The reason these stocks went so high last year (when oil prices were a lot higher) was a market "mo-mo" thing. It won't happen again without higher oil prices. With all that said, I think there is a very good chance oil prices are going higher and will take these stocks along for the ride. But one could just as well buy crude oil futures/options and get the same bang for the buck as the oil-service sector. But I'm glad to see you think a lot. That's good. King Canine -- as he shouts, It's The Oil Price, Stupid ! jump.to