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

To: upanddown who wrote (26641)	7/28/1998 2:21:00 PM
From: Bolder	Respond to of 95453

I am holding on to my stocks in this sector because of the fundamentals. As examples, First Call's earnings projections for 1998 and 1999 result in these P/E ratios, respectively, for the following stocks: HAL ( 17/14), DO ( 12/10), FLC ( 10/6) , NBR ( 12/10), E.V.I. ( 10/8), RDC ( 7/6), VRC ( 13/11), FGII (16/11), CDG ( 6/5)--------these are First Call's #'s as of July 25, 1998. Earnings are expected to show an increase for each of these companies in 1999 as compared to 1998 with their long term growth rates projected to increase between 18%-32%. I recognize that earnings projections can be adjusted downward if the US slips into a recession, Asia shows no improvement, oil prices decline, etc. but if you are a long term investor why sell when there is currently blood in the streets----isn't this the time you are suppose to buy?