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

To: Elmer who wrote (28568)	8/29/1998 1:02:00 AM
From: pz	Respond to of 95453

Also, traditionally, drilling picks up in the 4 th quarter. This certainly can't hurt. Paul

To: Elmer who wrote (28568)	8/29/1998 2:51:00 AM
From: upanddown	Read Replies (1) \| Respond to of 95453

One other item that might help next week...anyone remember that item a couple of weeks ago that the Saudis had notified its customers that September crude liftings would be reduced by 18% ?. Never saw anything further about it so the obvious question...18% from what ?...was never answered. Any news that Saudi production is being taken lower starting Tuesday would certainly help. That said, any rally in OS companies will be short-lived unless accompanied by a sustained upmove in crude prices. Crude has really been in a trading range since mid-June(12.50 - 14.50). Need to break out of that range to build momentum in this sector. John