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

To: Gameboy who wrote (31200)	10/27/1998 6:52:00 PM
From: Gameboy	Respond to of 95453

API numbers from another thread messages.yahoo.com Excerpt: The American Petroleum Institute weekly inventory report showed an increase in crude inventory. Crude oil stocks rose 7.867 million barrels last week to 335.730 million barrels. Gasoline stocks fell 2.080 million barrels to 197.258 million barrels. Refineries were operating at 88.5 percent of capacity last week, rising from an 86.8 percent operation level the previous week. This build couldn't have popped up at a more opportune time than with OPEC meeting in Capetown. Best of luck, Steve

To: Gameboy who wrote (31200)	10/27/1998 7:31:00 PM
From: Ditchdigger	Respond to of 95453

Gameboy<vbg>, I actually think TMAR will beat estimates.But, for me, it wasn't worth the chance...Also think if the services are down,it won't matter if they are good or bad..;^( DD..I don't like the fact that the DOW was beaten bad by resistance at 8500 and the Naz has been clipping along..something has to give...And what about Brazil? DD PS: and my "euphoric contrary indicator light" began to flash this morning<g>

To: Gameboy who wrote (31200)	10/27/1998 8:55:00 PM
From: Jamey	Read Replies (1) \| Respond to of 95453

Gameboy, be cautious about MRL earning report and read all of it. I would recommend that you keep an eye on MRL tomorrow as this afternoon's action could be more than profit-taking. Taken from MRL earnings report: "Jan Rask, president and CEO of Marine said, "We are very pleased with our third quarter results given the weaker day rates and utilization in the shallow water Gulf of Mexico which will result in significantly lower earnings in the near term." In other words, don't be holding when 4th qtr earnings come out. I have decided that I am only playing this sector for short day trades because you never know what will happen when the market opens each day due to the volatility of the Oil Service sector. I took a small loss on them late today rather than take a chance on a bad opening. Regards, Santiago

To: Gameboy who wrote (31200)	10/27/1998 11:32:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Gameboy; re: MRL & others ability to earn $ in this enviroment... <<MRL earnings surprised me. In fact, a lot of the companies in this sector are making a lot more money than I had imagined. From the way these stocks are priced and to hear TV commentator's talk about them, you'd think they were all about ready to go out of business.>> ******************************************************************************* I saw earlier where you owned TDW... What I am seeing is a a little group of companies with streamlined balance sheets; TDW DO MRL among others; that are posting very, very good earnings #'s in what you so correctly reminded us of - that this ''was'' supposed to be a virtually impossible enviroment to make money in ... TDW and for instance CKH (a cash machine - now taking off) are performing admirably; but are in the boat/marine sector which has had some companies like TMAR & HMAR trading at PE's of 2-3 of late. The PE's assigned to TDW were ridiculous ! This is an outstanding company, bundles of cash, little debt and a market niche dominator... It aint going away no matter how bad things get. Chemicals & Oil - irregardless of the price; have to be transported... But, what can an investor do when TDW gets such a low PE by the market and when Investors refuse to recognize its performance ? I have been watching and studying Warren Buffet of late; it's interesting that unlike the Daytrading, Deal a Minute Wall Street Trading Mentality of most; he parks in dominant Blue Chips like Wal Mart, Disney, Mc Donalds and holds for decades; but makes his major trades maybe once a year, or a couple of times a decade. He patiently looks and waits for the major value opportunities and then makes - in his words; " large, concentrated investments'' in substantially undervalued assets - when everyone is a selller and no one is a buyer... Buying a stock like TDW or HMAR or VTS - @ a 6 PE of late; during the depths of either of these 2 recent bottom sell offs were opportunities to really leverage value to ''3 levels'' - in that we were able to buy stocks during a total market selloff, where the Oil Sector was oversold in comparison to the overall market; and the Boat/Matine Sectors were even oversold compared to the Oil Sector... Buy those TDW's, HMAR's & TMAR's and currently the downtrodden E&P stocks and sit patiently... When the Oilpatch is fundamentally strong; and the frontline stocks like RIG RON WFT FGII all look fully valued, that's when the 2nd & 3rd Tier sub-sector stocks ramp up in value - when they get PE expansion above their norms - their returns will exceed the frontrunners, but patience is the game here - time to take a lesson from the ''Master'' and maybe only trade this sector 1-2 times a year or 2-3-times a decade ? Recognize ''historic'' bottoms and be disciplined - to buy deep into these selloffs; identifying the Blue Chip Sector Leaders like a RIG RON WFT and the next generation of growth stocks like a FGII SCSWF CLB CXIPY; the downtrodden bottom stocks like TDW and then just sit and wait... Buying into the crash of 1987, last Octobers Market Blow off, or into the Oilpatch Capitulations at the end of August or here in October and simply holding longterm; are strategies that would be hard to beat. ...might take the patience of ''Job" or ''Sitting Bull'' - but that's exactly what Mr. Buffet has done...