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: BigBull who wrote (46770)	6/23/1999 1:15:00 AM
From: Douglas V. Fant	Read Replies (1) of 95453

BB, One thing that energy companies use as an internal guideline for budgetary planning purposes is the 1:1 correlation between GDP growth and oil consumption increases. I think that we see that correlation being confirmed by the Asian economies currently..... Remember too that if tech stocks are "jackrabbits" and blast up or down rapidly (just check out ORCL over the last couple of months!) ,then energy stocks are elephants. They move slowly but once they get a head of steam in a given direction, up or down, they just keep rolling with that momentum. So I'm staying long energy and OS stocks....,

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