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

To: Starlight who wrote (28175)	8/22/1998 10:03:00 PM
From: Mike from La.	Respond to of 95453

A Newsletter I get is Roger Conrad's Utility forecaster. In his August issue he has an offer for new subscribers. He is offering a report, "7 Ways to Profit From the Great Oil Boom of 1998." He talks about investments that will profit from "both rising energy demand and higher oil prices." Utility investors are usually pretty conservative so it's unusual for him to be so gushy. I can't vouch for his logic or accuracy, I just think that is relevant that these kinds of statements are being made. Also I've checked First Call, for most of the major companies, RIG,FLC, NE, DO, etc, and there is not a single sell recommendation in the lot, and some RIG,DO,FGII, have been upgraded from a month ago. Again, this may reflect a change in the psychology. Also their 5 year earnings projections are amazing, for stocks selling at these PE's. Examples RIG=32% per year, DO=27%,NE= 27.5%,ESV=21%, FLC=34%. It boggles the mind that analysts are making these kinds of projections, and that they will be ignored indefinitely. Mike from La.