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: VLAD who wrote (27285)	8/7/1998 10:40:00 AM
From: marc chatman	Respond to of 95453

From WSJ Heard on the Street: Many managers say some of the best value can be found in oil services. Managers scouring this group argue that drillers and drilling-equipment makers have been excessively punished as oil prices have plummeted. The bull-case: Big oil companies arrange drilling contracts years in advance, and don't cancel them based on short-term fluctuations in the price of oil. Rex Wardlaw, a value fund manager with Wells Capital Management, favors Tidewater ... while Neil Eigen, who runs value funds at J.W. Seligman, likes driller R&B Falcon. Can you believe that "bull-case"? I suppose "bull" is a very appropriate term for it.