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

To: Dwight E. Karlsen who wrote (37686)	2/18/1999 12:28:00 AM
From: Fredman	Read Replies (2) \| Respond to of 95453

there are a few financially very well-off Oils that can live thru this down time, and some that won't. the ones that do survive will do well, whenever OSX decides to turn itself around. I have read so many posts from people saying this or that will cause it to turn around, that OPEC is doing something, that Venezuela is doing something, that Asia's economy is turning around, which will in turn help the Oils, that Saudis cannot afford to sell oil at the price it currently is: that THEY will force something to happen. But NOTHING has happened, and it doesn't look like it will for awhile. I think we here are all smart enough to know when we smell change coming, and i don't think we even have a sniff of it yet: and it isn't going to happen overnight. I stand by what i said: buy DO RIG RON GLM and NE, and give a hard look at BHI and WFT, and HAL and SLB if you want to spend that much. But my god does DO and RIG look GOOD now, but they look even better in the mid-to-high teens...... and i am not one to bet against THAT. not just yet.