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

To: BigBull who wrote (41885)	4/8/1999 4:21:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

FLC technicals: investor.msn.com

To: BigBull who wrote (41885)	4/9/1999 12:44:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Bull you were on a roll today.... ! << Stay long, stay strong, and NEVER let the bears see you run. I'll see ya at the top. >> Aggie; I really like CLB here; as you know - Internationally diversified, a wide, big - name client base, top technology and just plain old oversold here imho; - good luck & I'm holding mine to ''my'' target price of $22-24 by fall and $30 would not surprise me. - this is also a stock that I just may put away for 3-5 years and forget about it, because of their technology. I would say that CLB is a top 10 must own stock here - this is like getting CXIPY @ $18-20... J Gault; I think RIG is scheduled to report 4/22 - but these allways seem to change; someone will probably post a date, I may e-mail them and will post the info. Consensus estimates are .72 (versus .63 in Q3 1998) 2 analysts have upgraded RIG in the last few days; Prudential to .74 & First Union to .80cents. dmcoach; I have to admit - I did buy some HMAR; I've had some luck on these blowoff & capitulation stocks; HMAR is priced like an option at $1 11/16. I bought some here - with the mindset of an option - knowing it can expire worthless...(VBG). Just a small position with some speculative profits made of late. I think the present enviroment is positive for financial restructuring - given Oil prices and the positive expectations. I think the odds are worth the risk that HMAR can restructure debt and survive in this enviroment, which could be dramatically different in just a few months. - however; I would view this as an ''option'' and would NOT invest ANY money that I was not ENTIRELY willing to lose... - a no widows, orphans, or whinners play (VBG)... Natural Gas comments/Forecast from Salomon Smith Barney: ---We expect natural gas prices to improve later this year--- Although we experienced two of the warmest winters back-to-back (thus explaining the large storage surplus), we have begun to see evidence in recent weeks of a tightening North American supply/demand situation, driven by low drilling activity. Our Henry Hub natural gas price forecast for 1999 is $2.10 per MMBtu. As fundamentals improve throughout this year and into next year, we expect prices to continue to strengthen, with a 2000 Henry Hub forecast of $2.75 per MMBtu. Once again; PGO is a must own stock here. They will earn more money per share than SLB this year and next; but are priced less than 1/3rd of SLB; surely SLB is the Industry Nameplate and deserves a premium to the sector - but not a 3 fold one....PGO is the single cheapest "highly profitable'' stock in the entire sector by virtually any measure; ie: PE/PEG/ Cash Flow etc Do the ''DD" - this is an anomaly, there is some softness and they are talking down expectations going forward; small downward earnings revisions, but still solid as a rock.They have more earnings upside and a stronger base than VTS, or any of their peers, given their FPSO business and their leading position in deepwater. A must own here imho. - here is a stat; looking at a SSB chart - 40+ Oilpatch stocks; PGO has the 2nd highest cash flow per share - 2nd to only CKH ( a sleeper there - Bass Bros buying big!) PGO generates more cash than RIG, or SLB - nearly double DO's CFPS estimates for 2000 by the way !.... simply impressive fundamentals ! - buy it now and chase it down on any/all weakness. good luck