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

To: Douglas V. Fant who wrote (34528)	1/8/1999 11:54:00 AM
From: Platter	Respond to of 95453

Oil has gone back below $13.00 at $12.96 ...OSX follows now up only.11

To: Douglas V. Fant who wrote (34528)	1/8/1999 12:00:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Doug, I'm curious about that as well. The companies with a lot of debt may not be in a position to take a lot of write-offs, as it could hurt their ability to borrow. I also wonder about the financial savvy of some of these companies -- everyone who has picked up a newspaper or watched cnbc in the past few years understands the "game" is to get WS analysts to publish low earnings estimates, so the companies can easily beat them. Yet the OS companies don't seem to play this game very well.