SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Varco (VRC) -- Ignore unavailable to you. Want to Upgrade?


To: Bluestryp who wrote (48)2/11/2000 7:46:00 AM
From: Shtirlitz  Respond to 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.



To: Bluestryp who wrote (48)2/11/2000 10:30:00 AM
From: Jibacoa  Read Replies (1) | Respond to of 63
 
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