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2007-03-01 (Entry #2) :: Strength in Oil Drillers

The drillers are one of the few bright spots in the market right now. The drillers and refiners are up nicely (> 1% for SLB) but the service stocks are down. Logic says that the companies that provide support to the drillers should also be going up, but given the market psychology over the last couple of days, logic dictates nothing.

More later!