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

To: JHR who wrote (39812)	3/12/1999 7:37:00 PM
From: Crimson Ghost	Respond to of 95453

The drillers are and will go up on ANTICIPATED hikes in capex spending. In order for this to materialize oil prices must go up and stay up. Oil companies will not hike capex much until they are reasonably sure this price jump is for real. That is why these stocks will remain volatile in the weeks ahead. There should be plenty of dips for the dippers to buy. But the primary trend is now UP. Never forget the market ANTICIPATES the future. By the time capex budgets are up and day rates climbing, these stocks will be much higher. When demand kicks in as well, we are looking at $18 crude and still more hikes in capex. Some months away probably, but it will happen IMHO