Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: waverider who wrote (60820)	2/24/2000 10:03:00 AM
From: William JH	of 95453

DH - IMHO, the price of oil & OS stocks isn't predicting anything, as the same thing is happening in paper stocks, food stocks, bank stocks, and on and on. Paper stocks have pricing power and good fundamentals, industry consolidation, yet haven't done well at all. As everyone knows, all the money is going into the hot sectors. I believe that the real reason energy stocks have been declining is mutual fund redemptions. BWIK? Regards,

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