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

To: SliderOnTheBlack who wrote (43231)	4/26/1999 6:43:00 AM
From: Ditchdigger	Read Replies (2) \| Respond to of 95453

Global Marine being acquired.(per CNBC)..DD

To: SliderOnTheBlack who wrote (43231)	4/26/1999 8:45:00 AM
From: SargeK	Respond to of 95453

OSX Support @ 70.. Strong Support @ 65 Slider: "Sarge; I would have thought you of all people, wouldn't confuse ''short term'' and ''longterm'' ... but I guess the more things appear to change - the more they stay the same (VBG)..." If I was confused, it was obviously of 'short term' duration. >lg< Check out the bottom line (last paragraph) of message 43239: "To: BigBull (43089 ) From: SargeK Friday, Apr 23 1999 9:30AM ET Reply # of 43239 What the Insiders are saying: 4/16/99 Boots & Coots Chairman and Chief Executive Officer Larry Ramming, said, "We are optimistic of our future prospects in spite of the wide spread oil and gas exploration and production slow down which began in August 1998 and continues through the current date. The expansion of our services and client integration gives us confidence that our business plan will insulate us from events outside our control.'' 4/20/99 Unifab International/Dailey J. Berard, President, CEO, and Chairman of the Board, said, ". UNIFAB is bullishly optimistic for the industry because of the increased number of bid requests both domestically and internationally. Our backlog of outstanding bids submitted but not yet awarded continues to grow. We believe the recovery in crude oil and natural gas prices will allow customers to release the funds necessary to award contracts for these projects in the next two to three quarters." "We believe a strong recovery in drilling activity will commence before year-end.'' 4/21/99 Noble Drilling/James C. Day, Chairman and Chief Executive Officer, said, ''While near term activity levels remain weak, the improvement in oil and natural gas prices portend an improving market over the next 24 months.'' 4/23/99 Transocean Offshore/Chief Executive Officer J. Michael Talbert, said, "securing new contracts for rigs expected to be idled ''will be our greatest challenge this year.'' "The company said it was able to increase average revenues for use of its drilling rigs during the quarter because of contracts signed before the offshore drilling rig market weakened." Similar comments are being heard throughout the Oil Patch. It appears that a subdued warnings are being issued regarding near term results. They are making a believer out of me. I just reduced my holdings in every issue I own. I'll sit out the remainder of 1Q earnings announcements and let the dust settle." My argument is not about normal OSX oscillations, short or long term. It is the suggested magnitude of the moves I question. I do not think the current modest consolidation portends another wave akin to those observed over the past year. To suggest that it is, I regard as a 'scare' tactic which I refer to as "spin". Whether from God or the Devil, it is still SPIN! SargeK