Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: upanddown who wrote (36752)	2/4/1999 1:25:00 PM
From: A. Geiche	Respond to of 95453

Yea... The real culprits in this oil mess are western countries, but we blame OPEC, OPEC, OPEC, Arabs, Sadam... and are grasping for a straw: maybe Chavez will solve our problems...

To: upanddown who wrote (36752)	2/4/1999 4:26:00 PM
From: mc	Read Replies (1) \| Respond to of 95453

<<I hear there are some jackups bid in the Gulf at 9500/day -- folks, that is about 3000-4000 below direct operating cost.>> John, I'm a little curious what you mean by "direct operating cost." It must be higher than the variable costs which means it is still more beneficial than keeping the rig idle. Otherwise they just wouldn't lease it out, right? Gary

To: upanddown who wrote (36752)	2/4/1999 8:24:00 PM
From: Jack	Read Replies (1) \| Respond to of 95453

I agree it's getting UGLY! EVERYONES SELLING! GET OUT AT ANY COST!!!!!!!!!!!!!!!!!!! For Example: Tops sells for leading mutual funds: Putnam A investors Fund (A+) Schlumberg 658,000 Mobil 308,500 Halliburton 797,000 Victory Diversified stock A (A) Schlumberg 310,000 Janus Worldwide Fund (A) Schlumberg 1,222,450 INVESCO GROWTH (A+) Royal Dutch 171,000 Exon 68,200 ALLIANCE Premier Growth. (A+) schlumberg 1,299,328 Halliburton 660,100 These numbers are from IBD 2/3 & 2/4. They show some of the leading mutual funds (all A and A+) and what they are buying and selling. No one is buying oil, they are all SELLING. We stand alone. They have all those high paid analyst, and fancy computer models. We're licked. Sell everything. Wait a minute! We've got. What do we have? "Minds of our own" Six months ago when I was buying Semi's these funds were all dumping them too. Semi's were never coming back. Computers were going to run or rocks or wood or something. I'm not sure what. But I know no one was ever going to use semi-conductors again. Well guess what they were wrong. The worm finally turned and they came rushing back in and I took my profits and headed for the oil patch. The worm will turn. Maybe not today and maybe not even for the next few months. But some of these stocks are screaming buys. So if you've got the time and patience you'll make your money. If you want to play the BIG MO game go to the NET. But if your one of the 2 or 3 Value investors left in the world, jump on in. Warren will be here as soon as he can figure out how to get rid of all that coke he owns. Enjoy!