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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: w molloy who wrote (2876)	11/13/1998 10:23:00 PM
From: Crossy	Respond to of 37387

W molloy, SLB was a pick based on TA methodologies. But briefing.com recently upgraded the whole sector to "outperform" based on valuation. SLB diversification should do even better... "However, the forces which pressured the group lower - declining oil prices, excess supply, Asian/Russian financial crisis, OPEC production increase - have, or are, abating. US reserves have declined steadily in recent months; OPEC scaled back production; Asian markets rebounding amid expectation that worst is behind the region; crude has held above the $13 bbl for several weeks (not great but better). In addition, current forecasts call for a colder than normal winter, the reverse of last year. Combine the improved fundamentals with the group's discounted valuations and the ingredients are in place for continued gains." best regards & thanks for the additional info on SLB CROSSY