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

To: marc chatman who wrote (39719)	3/12/1999 9:27:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

NOW - having a plan is even more important - how do you play the news ? The single most important question has not been asked, or addressed here as yet folks ! The reason I rotated into E&P's and Integrated Oil's after taking lots of Driller/Service profits here; is that these companies will realize actual real - world CASH immediately with higher Oil prices. They make more profit and will have higher earnings immediately ! Yes; the service & driller stocks will run up - but watch how soon the Street asks the ''$64 question.'' of: Will the Oil Majors & Independant E&P's immediately (or how soon) increase their Cap Ex budgets ? Will drilling projects increase immediately - how much ? How fast for dayrates, utilization to increase for drillers ? How fast untill the Big Oil Co's start building more decks, modules, laying more pipeline, or until drillers/Oil Co's start buying/building/contracting new Rigs etc. ? How fast for the OSX stocks to actually transform this into real world EARNINGS - as after the euphoria of - ''its the price ofd Oil - stupid !'' settles and comes back down to earth; it is really all about; ''THE EARNINGS - STUPID" ! E&P's get the CASH today - when will the Driller & Service Co's ? Run her up baby ! Still loaded in FLC and have my laggards HLX & OMNI and a few others - I will be taking my priofits again here - the euphoric peak has allways been higher than the day after.... The Girl that looked like Claudia Schiffer last night - never seems to look quite the same the next morning.......<VBG>. good luck - enjoy the ride; but don't forget to PAY YOURSELF FIRST !!!!!!!!