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Gold/Mining/Energy : Varco (VRC) -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (50)	2/11/2000 8:44:00 PM
From: diana g	Read Replies (1) \| Respond to of 63

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