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

To: Paul Angell who wrote (27384)	8/8/1998 4:45:00 PM
From: James F. Hopkins	Respond to of 95453

Paul; I didn't so much say the way you read it, "VOLUME" is what I said counts more than oil price..in this sector price may give a knee jerk to the stock prices but that's a fake out if you don't get the rig count up, and maintain volume production. Price going UP at the expence of cutting production is what people are seeing..and that's not worth a hoot for drillers.

To: Paul Angell who wrote (27384)	8/8/1998 6:48:00 PM
From: Snowshoe	Respond to of 95453

>>Predicting weather is not my game but here in Alaska we are 3deg colder than normal and had our first snow day before yesterday at 5,000ft. The weather people predicted a wet summer from el nino and they were right on target - now they are predicting a cold winter so I hope this drives up the price also.<< It's been wet here all right. The sunflowers in my garden are rotting, and I just discovered weeds growing on my car. But while La Nina usually brings a cold winter, this is not always the case. I believe I read somewhere that the last major La Nina was in 1988, and it brought a warm winter. I'll try to look this up tomorrow and get a clarification. -Greg, in Anchorage

To: Paul Angell who wrote (27384)	8/8/1998 8:09:00 PM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 95453

funny you should say "You are right about drillers not going anywhere until the oil price goes back." May I escort you to the list of drillers and oil service stocks I track (which is by no means complete). techstocks.com Take a look at those percentage gains. Those are considerable percentages, considering the overwhelming downward pressure that has relentlessly pushed these stocks steadily lower. I personally believe that the bottom has been seen already, coinciding with and hastened by the general market correction which culminated last week. Judging by the stock price action, it looks like a whole lot of folks are doing broad-based bottom fishing for some darn-tootin' good values. RDC already back up to my buy price (bought a week ago Thursday, seven trading days ago). DK