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

To: Douglas V. Fant who wrote (32377)	12/3/1998 12:39:00 AM
From: gmccon	Read Replies (1) \| Respond to of 95453

Korea is preparing to test another 600 mile skud, while Israel is about to ignite again over the idea of a Palestinian State for next year. Its just a matter of time before OMSCON inspectors get thrown out of Iraq (again). Venezuela presidential hopeful wants to cut production. Too many forces working against prolonged oil glut.

To: Douglas V. Fant who wrote (32377)	12/3/1998 7:47:00 AM
From: Joseph Beltran	Read Replies (1) \| Respond to of 95453

Douglas, My instincts are similar to yours....It's all I can do to keep my finger off the buy trigger in some of these oil service stocks..From a technical standpoint they are way, way, oversold and should bounce here any time now but my instincts tell me there will be continued downward bias until the end of the year due to tax loss sales...I've been very successful scalping points off of the big techs (DELL, INTC, AAPL)which are close to their 52 week highs and which are likely to get continued buying interest from institutions as they will want to own the "the nifty ones" to impress their clients at year end.... SLB close to 40. unbelievable regards

To: Douglas V. Fant who wrote (32377)	12/3/1998 11:14:00 AM
From: Mike from La.	Read Replies (1) \| Respond to of 95453

Every time I try short term stuff, I get burned. What do you think of the notion that oil companies will be shifting spending to increase production, instead of E & P. I'm looking for companies, strictly offshore, who would directly benefit from production spending. Are you familiar with what activities come under "production" and what companies would benefit? I'm wondering about CXIPY, J Ray McDermott, and Tidewater. The drillers would be out. Mike from La.