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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (1273)	3/5/1999 9:45:00 PM
From: gizelle otero	Read Replies (2) \| Respond to of 2282

I would agree with all but the "financially strong" part. Everyone but Transocean and Diamond Offshore are rated B or lower by Value line. Transocean and Diamond are B+. Value Line does a lousy job at forcasting but a great job at current number crunching. The real risk here is that oil prices will not recover fast enough to the $15.50-$18.00 a barrel level. That is the floor for oil where big companies will start exploration efforts again, according to Global's CEO. Do not become convinced we have seen a bottom here. We have seen this level at least six (6) times in the past 12 month period. Each time, some investors jumped on board, hoping for a quick buck. This industry will turn slowly and painfully so. Be patient and you will be rewarded. Be greedy and impatient and you will get "bummed out". No money should be here that is needed in the next two (2) years. It may take that long to undo the damage.