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To: Shane M who wrote (668)	12/10/1998 3:47:00 PM
From: Tomato	Respond to of 4691

A couple thoughts about oil service companies: 1. WEB bought silver, a commodity, so perhaps he's open to buying oil and/or oil service stocks. 2. ESV is owned about 5% by Richard Rainwater, who, although he hasn't done well in the near term, has made over a billion bucks from investing.

To: Shane M who wrote (668)	12/10/1998 5:30:00 PM
From: Fredman	Respond to of 4691

Shane, you are correct. But go re-read my second sentence in the posting you responded to. I agree: Oils are long-term buys, as long as you buy into a Quality one(s). But what exactly a 'quality' one is has yet to be determined, outside of the top 4, in today's economy. Heck, ANYTHING is a commodity: Airlines, if the economy slumps, we don't travel. Boeing and USAir. SOME people lose their jobs, have to cut bills, Insurance gets cancelled. Maybe that is my problem: I don't view Oil as a commodity like i would Coffee, Oranges and Pork Bellies, but everything is a commodity. 30 years ago Long distance Calling was a commodity owned by ONE company, today there are literally hundreds of long distance companies, and ISP's, so the commodity is sliced up.