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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (97)	12/8/1998 12:56:00 AM
From: PuddleGlum	Read Replies (1) \| Respond to of 318

Mark- EOG, like a number of other e&p plays, as well as many of the oil services companies, is showing a bullish divergence between price and OBV. The price approximately matched the October low, while OBV bottomed at a higher level. As Wolfdog said, the fundies aren't there for e&p companies just like they weren't there for the semis, yet the semis took off. However, SLB for the service companies, and XTO for the e&p companies, have sold off to new lows when I would expect both of them to be leaders. I'd like to increase my energy holdings tomorrow, but I'm still feeling snakebit. Venom or snake oil, it's all harmful. pg