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

To: SliderOnTheBlack who wrote (35106)	1/14/1999 4:26:00 PM
From: Platter	Read Replies (1) \| Respond to of 95453

The OSX is ready to move up(as in Oct from 10/15 to 11/12/98, )from 1/15 to mid Feb..as earnings begin to roll out.

To: SliderOnTheBlack who wrote (35106)	1/14/1999 4:36:00 PM
From: Cragganmore	Respond to of 95453

I've added to my positions on FGI, VRC, TCMS and RIG. Everytime we've visited these levels, I've added to my positions and hope to see some big payoffs later. I hope to see OSX in the 85+ range later this year, like you say. Cragganmore

To: SliderOnTheBlack who wrote (35106)	1/14/1999 5:06:00 PM
From: articwarrior	Read Replies (1) \| Respond to of 95453

Gee Slider FGI at 9 must have been some crazy guy who got too cold huh? Got my order in...lets see if we hit close.

To: SliderOnTheBlack who wrote (35106)	1/14/1999 5:07:00 PM
From: Brian P.	Respond to of 95453

Slider & BigDog & others, what do you think of folks' concern here that the recent action and the short interest in FGI portends an unpleasant surprise? Thanks for your opinion.

To: SliderOnTheBlack who wrote (35106)	1/14/1999 5:19:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

I like most of what you like -- RIG, RON, VTS, WFT, CXIPY, FGI and FLC. But I didn't like the action in the index or FGI today. High early and closing at or near the lows usually means lower tomorrow (at least lower at some point in the day). I'll have to spend some time with the charts tonight before I decide whether to place some lowball limit buys tomorrow. Since it's options expiration, I may wait until next week.

To: SliderOnTheBlack who wrote (35106)	1/14/1999 9:42:00 PM
From: JungleInvestor	Respond to of 95453

In late December I noticed that the risk/reward of the oil services companies is extraordinary. I sold all of my stocks (mostly technology companies and Asian Mutual funds) and invested 100% in the oilpatch. Many of the oil services companies are Rip Van Winkle stocks - buy them, hold them for several years and enjoy 200% and 300% gains when you wake up. All of my purchases except one have low price to sales ratios. VTS (my favorite investment), UFAB, VRC, GIFI, TCMS (with an incredible P/S of 0.23), and SCSWF all have P/S of less than 1. James O'Shaughnessy demonstrates in his book "What Works on Wall Street" that the strategy of investing in companies with Price to Sales ratios of less than 1.0 resulted in the best investment performance. My other investments include POGO, SDC, FLC, FGI, WFT, and BTJ. All of them have a P/S less than 2 except for SDC. I like SDC because it has zero debt, is focused internationally (i.e., outside of the Gulf) and has had excellent growth that has not thus far been impacted much by the low oil price. Also, the large Kuwaiti investment in the company cannot hurt SDC's operations in the Persian Gulf.

To: SliderOnTheBlack who wrote (35106)	1/14/1999 11:28:00 PM
From: articwarrior	Respond to of 95453

Well folks the word is out on the streets that we are the "safe sector" in these rough waters. Check this out. optionsource.com Look for tomorrow to bring many to the mana pool...Oil pool that is. I believe the shorts will get squeezed tomorrow if Brazil does not have some great news and this might not be in the cards for one or two weeks. Perhaps FGI will make that leap you've been squawking about. But my money is on FLC to spring tomorrow. Ever wonder why HLX is being shorted to death also. Discount the bogus law suit on drill heads and you still get 8 - 10 per share in this market. Debt ratio at 29 % would indicate a comparative risk trade off with UTI GLM and SCSWF. Warning big-time on KEG. This is one that will go down because it's too expensive for another company to buy with it's debt. Even if oil recovers to 13 - 15 a barrel KEG is almost too deep in debt to recover...That is IMHO. And no I am not short this lead headed company but gee my hand keeps moving to the short button...maybe after tomorrow's boost. May the Patch produce Green Tomorrow For You Articwarrior

To: SliderOnTheBlack who wrote (35106)	1/15/1999 1:08:00 AM
From: Fredman	Read Replies (2) \| Respond to of 95453

I am just waiting to see what DO and..... ESV do today. ESV has been holding up fairly well of late. It's also kinda funny that on any given day, when 90% of the Oil stocks are down, it seems to be that CDIS and ATW are up compared to all the downs. Why ? dunno, but go track them and you will see it. you can throw WFT and DRQ in there, too. Yes, all the 'name' stocks that are associated with Institutional Investing are the first to pop - and drop, and there are 6-8 of them (DO RIG HAL SLB RON and BHI, and a couple others i am sure i missed), but the rest of them: the GLM MRL to VRD RDC FLC to TDW HP NBR NE don't seem to get any respect. I am having a blast with these Oils - it SEEMS all you have to do is keep a close ear out for any 'news', and keep a keen eye on the OSX and it's very very hard to lose here....