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Gold/Mining/Energy : Varco (VRC)

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To: Bluestryp who wrote (48)2/11/2000 7:46:00 AM
From: Shtirlitz   of 63
 
Recently, I had a thought that its time to buy oil service stocks myself. And VRC is one of the most undervalued in the sector.
Looks like someone has beat me to the punch.
With the increase in oil prices there is an emerging pressure on oil companies to unlock production cuts they made during the past couple years. When production cuts were in effect, nobody was buying equipment, and thats why VRC and alike were down. If production starts increasing, so will equipment sales.
Might be a time to buy.

Just IMO.
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