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Gold/Mining/Energy : Schlumberger - The biggest/baddest oil service company -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (112)	2/22/1999 5:04:00 PM
From: Jim Paxton	Read Replies (2) \| Respond to of 216

I have been following oil service stocks for several months. The values look impressive and wide spread. But of course that doesn't mean much if the market will continually look the other way. Eventually though these stocks have to turn around. I am aching to get in, but waiting. I have a mock portfolio of 15 oil related stocks, been following these companies since last November. As of today those stocks have dropped another 19.73% and I thought they were bargains in November!! Schlumberger has held up the best, dropping only 2% since November Russia, Mexico, Argentina and Venezuela have been dumping on the market in order to obtain hard currencies. This can go on for a very long time ..... years. I understand that new rich oil deposits are in Siberia and the Caspian Sea ... which might add to the glut. Anyone out there with some solid ideas and thoughts about what will eventually trigger higher oil prices?