If anyone is interested in undervalued oil stocks I would seriously urge you to look at RIG. Despite beating the consensus earnings estimate for this quarter, having sales booked thru '99, a growth outlook that is better than SBUX for '99, RIG is trading at a PE 0f 17. Growth for '98 is projected at over 100%, next year at 37%. The only reason I can see for the current price is the market overreaction to the low price of oil. This one may not follow Chance's charts (I honestly don't know) but it doesn't take a genius to see the upside potential.