| To: Jibacoa who wrote (43) | 3/19/1999 1:42:00 AM | | From: Safe Cents | | | |
I envy you guys that got into this stock when it was under $10. I used to work for Varco and the President taught me the trading techniques for this company. Basically it was to buy like crazy when oil moves over $15.00 a barrel.
I have seen Varco run up nearly 1000% a couple of years ago and would not be surprised to see the stock hit $40 to $50 as long as oil keeps going up.
I'm a little wrapped up in one loser and one winner. But have a nice ride.
safecents@aol.com
financialsolutionsweb.com
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| To: Jibacoa who wrote (47) | 2/11/2000 1:49:00 AM | | From: Bluestryp | | | | |
Anybody has any clue as of today's stock activity? Volume was huge, 6 times the average, and a 1.75 mil. shares block crossed on the buy side. With a P/E of only 15, VRC is dirt cheap compared to other oil services companies. |
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| To: Bluestryp who wrote (48) | 2/11/2000 7:46:00 AM | | From: Shtirlitz | | | |
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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| To: Bluestryp who wrote (48) | 2/11/2000 10:30:00 AM | | From: Jibacoa | | | |
VRC is up 1/4 (2.44%) at present on volume of 655,700. The B/A 68/12 and the spread 10 7/16 to 10 1/2
The block of 278,000 shares at 10.02 this AM was unchanged at 10 1/4
It has to close above the January 27 H of 11 1/4 to break the present down-trend
Good luck
Bernard |
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| To: Jibacoa who wrote (50) | 2/11/2000 8:44:00 PM | | From: diana g | | | |
I'd be cautious here irt VRC
It's a fine company, and will doubtless do well in the long run over the next several years, but right now the short-term future price of crude oil (which is linked to the upcoming potential OPEC increase in production and seasonal oil demand trends) must be factored into a decision to buy any stock in this sector.
Also, VRC is a 'late in the cycle' play. It will prosper After the drillers and service companies.
In the meantime, a drop in the price of crude brought on by increased production / seasonal demand decrease (or just an end to the speculative bubble that has oil near $30 now) will negatively effect the price of oil sector companies including VRC.
As winter ends and OPEC meets in March, and as oil enters a seasonal period of (usually) slackening demand, there may be a much better opportunity to buy VRC at a lower price.
---Even then it will be a long term B+H candidate, not the largest % gainer of the sector over the short term.
I like VRC, but not yet.
It's time will come.
All that only my vho,
and I am just a simple grrl, who is often wrong.
regards,
diana
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| To: diana g who wrote (51) | 3/24/2000 4:19:00 PM | | From: diana g | | | |
Jeez, diana! What a maroon!!!
(As Bugs Bunny would say)
Since you posted that a lot has happened to the price of VRC, but seeing "...a much better opportunity to buy VRC at a lower price. ..." wasn't part of it.
I was very disappointed to miss the move in VRC since I believe it to be a great company and wanted to own it.
I was very pleased with the TBI / VRC news, and used the opportunity to buy TBI.
I know that many who own VRC were disappointed to see the big drop as the OSX surged, but I believe they'll be pleased with this merger in the long run. VRC will gain back those few points in short order, imho.
--This new VRC will be a great company! These are top oil biz people who know what they're doing. I am confident that there is a lot of 'Up' in the future for VRC.
regards,
diana |
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