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

To: marc chatman who wrote (35443)	1/20/1999 2:03:00 PM
From: Crimson Ghost	Respond to of 95453

Simmons & Co. analyst on offshore drillers. Sees big gains over the next two years, but tough going near-term. multexinvestor.com

To: marc chatman who wrote (35443)	1/20/1999 2:30:00 PM
From: Broken_Clock	Respond to of 95453

marc...new lows in the osx would not surprise me at all. Noesis has been the most accurate forecaster of oil price. We scoffed a year ago when he predicted $9 WTI this winter. The Oklahoma article yesterday quoted spot OK sweet at $9.50! This from yesterdays update: " Worldwide crude oil production is holding at the maximum achievable level right now (i.e., OPEC and others have not achieved the necessary lower production level to pull down world inventories). As a result, the slow down of refining rates during February in the U.S. will ripple backwards through the upstream market and cause some producers to shut in wells or cut back production at the wellhead, at least temporarily, due to lack of storage space for produced - but not sold - crude oil." oil-gasoline.com

To: marc chatman who wrote (35443)	1/20/1999 4:17:00 PM
From: marc chatman	Read Replies (3) \| Respond to of 95453

OT I recall a couple of weeks ago a few of us were discussing the merits of shorting the internets. My feeling was that it would be difficult, if not impossible, to time. Well, if anyone was successful in shorting these stocks the past couple of days, I want to know who you are so I can follow your market timing ideas. (It doesn't count if you shorted awhile ago and had to ride them up before they came down -- that just means you have unlimited resources and ability to endure pain.) ps. I think they will sell off more, but I don't want to risk being short when the 100 point, one day bounce comes.

To: marc chatman who wrote (35443)	1/20/1999 9:17:00 PM
From: Flan	Read Replies (2) \| Respond to of 95453

Marc - you are the first person I have seen talk about VTS. I have been keeping my eye on it and almost bought it in this last little spike to 17 but laid off because I new that things in the patch continue to worsen and more bad news is sure to follow which will drag this group down. I am though going to buy some VTS shortly. Solid balance sheet - $4 a share cash, little debt, great interest coverage ratio, still making money in this market - they guided street down to 1.50 to 2.00 this year so even if they miss it by a mile they will still be making good money and sport a seriously low p/e. Their library though is probably not properly priced into the $14 book value. I like their positioning and historically over the last five years they have consistently reported higher operating ratio (ROI,ROE etc) than almost all of their peers. The question is when to buy. I think this market is due for a pullback and a couple of scary 300 to 400 point down days - that will signal my entry into this stock.... What are your thoughts