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

To: Peter V who wrote (26655)7/28/1998 5:28:00 PM
From: Copeland  Read Replies (2) | Respond to of 95453
 
There's also another adage that might also pertain here: "Don't try to catch a falling knife."

Oil is nearing its bottom, but, as I said last week, I still think we have some more room to fall. Not that much more, but some. I hope to God that oil doesn't follow the NOESIS projections.




To: Peter V who wrote (26655)7/28/1998 5:44:00 PM
From: marc chatman  Read Replies (3) | Respond to of 95453
 
The fundamental story is in the press release from yesterday. They blew out earnings, and they are 99% fleet committed for the rest of the year. They are the most experienced in ultra-deep drilling, and they are on Big Dog's preferred list.

geocities.com

The only problem is that at a price of 39, there is a downside of 39 points, give or take. <g> The risks are sector and market (barring the unforeseen rig accident).


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