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

To: Crimson Ghost who wrote (33554)	12/26/1998 1:56:00 PM
From: pz	Respond to of 95453

FOR IMMEDIATE RELEASE December 24, 1998 Offshore rig counts decline HOUSTON: The worldwide offshore rig count declined since last week, according to Offshore Data Services' weekly mobile offshore rig count. The four-rig drop includes a three-rig decline in the U.S. Gulf of Mexico rig count and a one-rig decline in the European offshore rig count. This week, 517 of the world's 611 mobile offshore drilling units are under contract. Worldwide offshore rig utilization is 84.6 percent. In the U.S. Gulf of Mexico, 133 mobile offshore drilling rigs are under contract this week. The 178-rig U.S. Gulf drilling fleet's utilization rate is 74.4 percent. In the North Sea, Mediterranean Sea and other European waters, 100 mobile offshore drilling units are under contract this week. European offshore rig utilization is 93.5 percent.

To: Crimson Ghost who wrote (33554)	12/27/1998 9:25:00 AM
From: Francois H. Gaston	Read Replies (2) \| Respond to of 95453

Some have talked about FSESX... here are my thoughts about BHI, the highest holding for FSESX (August 31) with 11% of positions in it (thereby possibly explaining FSESX poor showing this Fall) Here is BHI (Baker Bughes)... and a link illustrating what I am saying members.aol.com *NEGATIVES* new low 3 days ago... with high volume throughout the distribution period (especially in December)... and this is confirmed by the distribution curve (down) and PVI (positive volume index, down)) showing that dumb investors have opted out... (They have been shaken out, methinks)!....BUT here are ze... *POSITIVES* (a)Volume is still high! ... some are still buying BHI... (b)Stochastics are pointing up... (c)NVI (smart money) is pointing up, giving a buy signal because of divergence between stock price and NVI (d)same comment about Ultimate oscillator that is a marker of buying an selling pressure: here a buy signal because of divergence between stock price and Ultimate Oscillator (e)RSI and MACD are now pointing up after a low. (f)Stock made a new low... BUT NOT RSI, nor Ultimate oscillator (A VERY bullish divergence, indeed) (g)and it is certainly getting cold... (h)and everybody is mucho bearish on oils... (i)and Fidelity Select Energy services has 11% of its money in it (1st holding for that fund)... and Fidelity Select Energy has BHI as first holding in its "Energy and Oils Services" section Analysts cannot be always spreading wrong analyses... I think that they are right now... but those are self serving comments because they have accumulated! (Just IMHO) and Voila... got to buy some more!