Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SliderOnTheBlack who wrote (33535)	12/25/1998 1:33:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Another encyclopedic post! I generally agree with everything you said, although my near-term expectations are more modest than yours. But the potential long-term gains here are indeed huge. I am going to continue playing only via FSESX (Fidelity Select Energy Services) As they say -- "you pick the sector and we will pick the stocks."

To: SliderOnTheBlack who wrote (33535)	12/25/1998 1:59:00 PM
From: Platter	Respond to of 95453

Slider.....Thanks for info....will circulate info if you don't mind...I think lots of people will JUMP in next week after reading....It was the most realistic and tempting analyst of OS sector I have seen for a while...

To: SliderOnTheBlack who wrote (33535)	12/26/1998 1:45:00 AM
From: Douglas V. Fant	Read Replies (2) \| Respond to of 95453

Slider, Whew! Heck of a post! I want to enlarge on one point that you mentioned. And that is technology is making a big difference in this industry like all others. There are the obvious uses of networks or the internet to link companies employees together "real time" on projects. Second technology in the OS sector makes finding and producing oil cheaper. For example through the tubing and underbalanced drilling did not exist 5 years ago. One would have said that drilling in an induced blowout scenario that you'd be nuts- but that is actually what underbalanced drilling is. Another cost saver. In any case I mentioned 18 months back here that $15/bbl wti was a genral planing guide for engaging in oil projects. My guess is that that price has fallen even further for planning purposes now.... BTW I bought into Weatherford just before Christmas, based upon a similar rationale that you had mentioned....My guess is that the market corrects through about Jan 15th, but my guess is that OS stocks won't participate in that correction. Let's see if this pony runs.... Sincerely, Doug F.