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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 (34494)	1/8/1999 11:52:00 AM
From: Douglas V. Fant	Read Replies (3) \| Respond to of 95453

George, We are doing something as a company right now that I bet other energy/OS companies are doing. When you have a bad year and the analysts have written your earnings off- well then that is the time to take all off your writedowns and clean up your balance sheet so that when prices rise you come back witha vengeance on the earnings front. Now I have not read the 10K's and 10Q's of many OS stocks. But check in the end section for writeoffs or writedowns in value of marginal assets and cleanups of the balance sheet.. I bet that many smart companies have done just that in this sector while the financial community is expecting nothing of them.. Clean up the financials so as to get ready for the next ride up.... Sincerely, Doug F.