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

To: Gary Burton who wrote (35438)	1/20/1999 1:58:00 PM
From: marc chatman	Read Replies (4) \| Respond to of 95453

Gary, I once liked RDC. Then, awhile back, Palmer got up and swore they would make $2.50 in '98 (I can't recall if it was in an article or on CNBC). I wouldn't touch it with a ten foot pole now. VTS is looking pretty cheap, but I don't like the action. I wouldn't be surprised to see some bad news (I am not aware of any -- just wouldn't be surprised). I was looking for low 50's this week in the OSX, so I'm in no hurry to buy today.

To: Gary Burton who wrote (35438)	1/20/1999 7:38:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Anyone do any buying today ? - I picked up --- RDC - lost $88Million in mkt cap today / down - 10% off of 1 rig cancellation that is a Gorilla Class (Harsh Enviroment) Rig that will not be out of work long... not a $88 Million contract - hello street - I'll take that 10% discount after big blocks were buying the day before ! VTS - buying here $13 ish, and down each $1 1/2 with limit buy orders set.Cutting edge hi tech company, plowing $ into R&D and asset upgrades & one of a handfull of legitimate 4-5 baggers in the oilpatch. CXIPY - off allmost $3 today = "come to Daddy'' - one of my fav's; a legitimate top tier, hi - tech pure deepwater play. $3-4 eps in ''bad times'' a potential $5-6 earner longterm. A ''monster'' pure deepwater play stock ! OII - another deepwater oriented company in a strong earnings niche of the oilpatch. PZE - couldn't resist this E&P spin off from the PZE/PZL split up. This is a top pick of Susan Byrne and non other than Michael Price's # 1 company for a 3-5 year hold. ...couldn't get filled on FGII, loaded from $10 3/8 - $12; buying big on any dips sub $10 1/8, laying for PGO RIG RON WFT NOI as well; and that damn SDC it if would show any weakness, strong as death here of late. Today was a day to expect some selloffs of nervous money in expectation of the API #'s; also I saw the potential for weak hands to dump stock in the wake of RDC's rig cancellation; RIG sold off late, but I own it cheaper here... Hopefully tomorrow will show the Streets hand here. API #'s should have been solid, they are reporting from the heart of the cold snap/storm we just had. This was a good calculated bet to be buying today imho. Curious as to if they try to spin the API #'s negatively, saying this drawdown is just a ''blip'' from a passing storm and with warmer weather forecasted, treat it entirely negative. However, imho - they can't have it ''both'' ways here. They can't discount the bad weather and then further beat the report down with good weather... The longterm story is OPEC's continued compliance, the Global production/supply reductions from all of the shut ins of marginal wells and reduced production and exploration; will ultimately take effect. The arguements are endless; however the cure for low oil prices - are low oil prices; as posted here recently... $13-15 Oil will give us substantial gains here short term. Longterm, we have the realistic expectations of near100% returns all most across the board in 18-30 months. Patience is all most non-existant in todays market. Dead Money is anything that isn't moving this week... I'll take advantage of this market psychology right here at these valuations for both trading and longterm holdings. The Street has virtually totally discounted the entire appreciation potential of these stocks going forward. The ''discount'' for the potential of dead money is huge in this market. I'll take this discount all the way to the bank here and I don't mind waiting 18-30 months to make 100-200% returns potentially, with little downside risk remaining. Time to be buying off of that ''watch list'' of companies here as earnings come out and OPEC's meeting comes near... I'm keeping some cash to buy down further if we see negative OPEC news, but realistically - no further OPEC cuts are priced into these stocks. We can only surprise to the upside in my opinion. Little downside risk in the solid niche companies who have reported here going into the OPEC meeting... good luck - another 20-30% trading range coming up imho... buy the dips or trade it; it's ours for the taking for the 4th time here since September ! Kind of like a bad re-run isn't it ? But, those ''cut & run'' 10-15-20% profits on the run ups here, can kind of add up rather well...