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

To: SliderOnTheBlack who wrote (32659)	12/9/1998 11:17:00 PM
From: shane hartman	Respond to of 95453

> ''bear with me; we may lose 20-25% over the next 6 months by buying >the Oilpatch; Well, there is always FSESX. I started DCA'ing in the IRA three weeks ago.

To: SliderOnTheBlack who wrote (32659)	12/9/1998 11:29:00 PM
From: Bilberry	Read Replies (1) \| Respond to of 95453

Slider, I liked your last note. I took the plunge into Oil stocks on Monday. I felt that the blood was in the streets. I picked stocks that have great balance sheets and can weather the storm, and appear to be extremely undervalued. They may not be the top dogs (SLB, HAL), but they look like they could have a big pop in 1999 and beyond. Would appreciate your analysis of my picks: Maverick Tube (MAVK) Rowan (RDC) Micham Ind (MIND) Pride Int'l (PDE) Swift Energy (SFY) --Bilberry

To: SliderOnTheBlack who wrote (32659)	12/9/1998 11:51:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 95453

Slider, two points. You'll see good returns on stocks in this sector much sooner than 36 months. That is because we are about a year beyond when earnings began to fade. So year-over-year comparisons will begin improving. Second both the OS companies and energy producers are readjusting their corporate economics to accommodate $12/bbl oil (WTI) as we speak. So do not be surprised to see earnings beginning to grow again about second quarter even if oil prices remain flat. And note that gas prices have remained pretty good. So we agree- sector is oversold/underbought.... Sincerely, Doug F.