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

To: SliderOnTheBlack who wrote (28002)	8/19/1998 3:09:00 PM
From: Jeffrey Beckman	Respond to of 95453

CDG up 9.2%, beating DELL by a hair. HAHAHA

To: SliderOnTheBlack who wrote (28002)	8/19/1998 3:37:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 95453

This fund manager like oil service stocks Bargains in the eye of the beholder Oil drillers, others may get a bounce By Thom Calandra, CBS MarketWatch Last Update: 11:15 AM ET Aug 19, 1998 NEW YORK (CBS.MW) -- It's hunting time. The turn higher in U.S. stock indexes this week has investors searching for overdue movers. As pointed out here, oil drilling stocks have yet to enjoy a bounce. The Philadelphia Oil Services Index ($OSX) has lost half of its value since May 1, in part because of 10-year lows in the price of crude oil. One investor and longtime value seeker, former fund manager Glenn Cutler of California, says he has yet to determine whether the Dow Jones Industrial Average's 3.4 percent bounce this week is the real thing. "I'm trying to determine if there could be a more substantial intermediate term recovery in progress . . . can't gauge that just yet," says Cutler. Still, Cutler sees energy stocks as ready for a rebound. He's willing to play his hand on shares of Halliburton Co. (HAL), Schlumberger Ltd. (SLB), Global Marine (GLM), Rowan Cos. (RDC), Datametrics Corp. (DC) and Ensco Inernational (ESV), among others. Cutler made his preferences before Wednesday's report that oil industry executives were stocking up on shares of their own companies, according to Federal Filings Business News as reported by The Wall Street Journal. His investment style favors stocks that look like they could be bargains, as long as they make that turn back up their sliding stock slopes. Cutler also likes food stocks. Yum! Food companies are seen as reliable performers in times of market turmoil. They also tend to hold their own when economies slow their growth. Folks have to eat. Cutler, who once made his mark picking socially responsible stocks for a Denver mutual fund, said he is looking at cereal maker Kellogg Co. (K) and Vlasic Foods International (VL). He said is also is willing to buy Morton International (MII) and Dreyers Grand Ice Cream (DRYR). He's willing to take a look at Transportation Components (TI) as well. Transportation stocks are also seen as steady performers during times when the economy could slow its pace of expansion. Cutler saves the best for last. "My No. 1 idea looking out 12 to 18 months is U.S. Liquids (USL), a consolidator of the liquid wastes treatment industry. I think this can and will double in any half-way decent market environment. It's a good defensive play in a down market as well." Cutler, as you can see from the above, likes 'em when they're low. U.S. Liquids shares are flirting with a 52-week low on the American Stock Exchange. The company's market capitalization is a measly $150 million. Thom Calandra is CBS MarketWatch's editor-in-chief. CBSMW MarketPlace Books for day traders at the CBS MarketWatch Bookstore. Download software for your Palm Pilot or your PC. Personal Finance Re-financing? Need information? GetSmart here. NextCard Visa. Apply on-line. Free Products/Trials Free trial subsctiptions to investment newsletters. Free annual reports for hundreds of companies. NextCard - The First, True Internet Visa - offers instant online approvals, balance transfers and account management, with an intro APR as low as 2.9%. Plus, for a limited time, get DOUBLE Rew@rds points for every dollar you spend. (That can be 2 frequent flyer miles for every $1 in purchases!) FRONT PAGE NEWS INDEX HEADLINES COLUMNS MARKET DATA GLOBAL MARKETS MARKET MONITOR CHARTING PORTFOLIOS MUTUAL FUNDS WEALTH CLUB STOCKCHAT TRADING CENTER INVESTOR'S PRIMER FEEDBACK ADVERTISING COMPANY INFORMATION CBS MARKETWATCH RT CBS MARKETWATCH LIVE c 1998 MarketWatch.com, L.L.C. All rights reserved. Disclaimer. MarketWatch.com is a joint venture of CBS and Data Broadcasting Corporation. CBS and the CBS "eye device" are registered trademarks of CBS Inc.