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

To: SliderOnTheBlack who wrote (38451)	2/27/1999 3:45:00 PM
From: thomas hayden	Respond to of 95453

I also own VTS @ 11 3/4 and I own some FGI around 10 or so(I wrote some covered calls to lower my basis), plus a little TDW and I know I'll take flack, but my least favorite I own FLC. Oh, I also bought some HLX in my IRA @ 4 1/2. I think you are correct about about DO & RIG. They are clearly a couple of the premier companies in this industry, and are worth waiting and buying. DO is still trading at not quite 2 times book, and I'm not predicting only suggesting that if some small stumble should occur it could see the mid teens, which would be an incredible time to buy. Do's price could take it further on the chin if they should buy someone, but again a great buying opportunity. I know I've been down on oil lately, I just like to prepare for the worst and then have a pleasant surprise. With that in mind I'm sure that sometime in our lives oil will be above 30 again and probably higher. The hard part is the timing, and also identifying the right companies that will benefit the most. Have a good day. P.S. VTS short term is very oversold and due for at technical bounce, however the last couple of days there has been some size for sale.