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To: Peter V who wrote (6845)2/1/1999 1:10:00 PM
From: Thean  Read Replies (2) | Respond to of 14427
 
Pete,
The drillers are not getting much buying today. RIG did its routine of late today by first surging up but then faded. Palmer's [lack of] enthusiasm this morning certainly did not provide this sector with any lift. I don't see a reason to hurry taking up a long trading position. Neutral for now and keep monitoring RIG and oil price.