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

To: dfloydr who wrote (31063)10/23/1998 12:43:00 PM
From: Jamey  Respond to of 95453
 
Floyd, You know what is said about an opinion, especially in the stock market. They used to say a dime and an opinion is worth just enough to buy you a cup of coffee.(One dime coffee tends to age me if I can remember that!)<G>

IMO, I do agree with you on the recent run up in Oil Ser. I do believe that we have seen the last of the bottoms for companies like FGII, VTS, and VRC among others.

For those waiting in the wings for those $10 - $12 lows I suspect that you will be waiting a looonng time.
Regards,

Santiago



To: dfloydr who wrote (31063)10/23/1998 2:47:00 PM
From: Big Dog  Read Replies (1) | Respond to of 95453
 
You could be right. But I think if drillers saw higher rates coming there would be higher rig values. I see lower rig values. I see drillers taking a pass on buying good rigs at already lower prices.

If they thought higher day rates were "around the corner" they would be snapping up these deals. They have plenty of financial power to do so.

Just my opinion.

big
loosbrock.com


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