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.

Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Mr. BSL who wrote (7418)	9/17/1998 11:56:00 AM
From: Ronald J. Clark	Read Replies (1) \| Respond to of 34811

Duke60, In the oil & gas service sector I've been looking at VRC and FGII in particular. Any thoughts on these two issues? Thanks again. Ron Clark

To: Mr. BSL who wrote (7418)	9/18/1998 2:33:00 AM
From: Gottfried	Read Replies (1) \| Respond to of 34811

duke60, you said >you can look up the various oil service subsectors and see that when they start moving up from the bottom (180 to 198 out of 198), they usually move up into the top ten subsectors and stay there for a while.< I assume you meant to say "198 to 180 out of 198" ? Last time the sector made a big move up in '97 earnings forecasts called for much higher earnings in '98. Now forecasts for many companies call for reduced earnings in '99. Dayrates for drillers are decreasing now. Since most drillers are not adding capacity, reduced day rates=reduced earnings. GM