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

To: drsvelte who wrote (42390)	4/16/1999 12:59:00 PM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 95453

PGO: now I am going to go lay down (VBG).... Actually; at $13 here and with the same earnings as WFT CAM who are double the price - I'll hold and add on any weakness...good post doc - interesting contrast on Merill, Pru, SSB & DLJ here - not surprising that the rosier outlooks are at the firms who have done deals for the rated clients.... no PGO soup for DLJ anytime soon...(VBG). If PGO at .95 for 2000 gives a $14 target - what does that make VTS here ? - the Hindenberg (VBG) ? Please - no one say anything bad out RIG now ! (VBG) No one gets my RIG here. - BigBull I am still in bigtime - but 70-80% now in Integrated Oils and E&P's, and my remaining unsold OSX players RIG PGO FLC and CLB in size. - so I am definitley along for the ride - just on a different train ! But, I just entered a sell limit order for FLC at $10 - forgive me all I have sinned .... (VBG) and I am going to go now...I just can't quit selling my OSX stocks here ...take the mouse, please someone just take the damn mouse away .... WOW - edit update - make that $14 here from the mid $12's yesterday on PGO - looks like DLJ's downgrade was immaterial...go figure..

To: drsvelte who wrote (42390)	4/16/1999 1:07:00 PM
From: Gary Burton	Respond to of 95453

The hell with DLJ--I bought the other half at 13.75. If GOM jackups can post negligible eps or losses and still surge forward, 1999 is totally irrelevant--Merrill this am maintained their "s.t.accumulate/l.t buy" rating and said..."We can envision a scenario to where the industry will be short of marine seismic capacity in 2000 due to a significantly reduced vessel count and improving demand driven by the following factors.First, a rebound of seismic spending from depressed levels in the GOM and NS.Second, continues demand for seismic data offshore West Africa as oil companies follow-up on recent huge discoveries.Finally, the opening of the Brazillian offshore mkt, where lease acreage is 25 times the size of a GOM block, to international oil companies following the first ever lease sale in June of this year"..."we believe the fundamentals of the seismic business will among the first industry segments to turn, though this may not occur until Q499/2000" By then they will all be raising their 2000 estimates imo..... Back to the charts, I see a potential Reverse H&S bottom with the neckline at 15.25. Breaking above it projects challenge of Nov high of about 22