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

To: NucTrader who wrote (26153)	7/21/1998 11:23:00 PM
From: Starlight	Read Replies (1) \| Respond to of 95453

A lot of money came out of drug stocks today and it's going to be looking for a new "home". Sure hope some of the fund managers take a look at undervalued areas - like drilling and oil-field services. Surely we can get a little of that money, can't we? Betty

To: NucTrader who wrote (26153)	7/21/1998 11:27:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

Ditto. Watch and wait....and hopefully (we) learn. Many have said, and I subscribe to this concept, that it will be August before real changes can be seen. By then OPEC's actual production will be better known. There is no direct indication that oil production cut's by OPEC and non-OPEC will solve the current problem quickly. Asia is still the wild card being held by the shorts. Demand, that's the #1 issue. We haven't really seen increased demand, except for the refiners who love cheap oil. I wonder when Asian countries will have to start restocking the crude they seem to be drawing down? Good luck gang, Michael