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To: Proud_Infidel who wrote (15961)	12/7/1998 5:00:00 AM
From: Andrew Vance	Respond to of 17305

AV--SLB is the biggie but my eye is on DRQ. It paid off 2 times for me over the past year or so. I do not have a clue as to the timing. I was figuring on waiting until the price of gasoline at the pump goes back up to $1.35 a gallon and the little pumping stations that I see on the freeways of Colorado are turned back on. they have been shut down. you know, the 3-4 little do hickies that are just hanging out in the middle of some of the fields. Most are turned off. So I doubt much new drilling is on the books yet. Andrew

To: Proud_Infidel who wrote (15961)	12/8/1998 3:22:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 17305

BK, Regarding drillers, though they are down in the dust, drilling budgets are being cut due to the low oil prices while capital expenditures for new rigs are still bringing out new drilling supply. Most of the drillers are heavily leveraged, so they can go down hard and stay down long when times are tough -- like now. Cuts in drilling budgets mean it's likely you will see lowered earnings estimates, so you may get a chance to buy them still cheaper, particularly with tax loss selling as a year end depressant. good luck, Baird