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: Roebear who wrote (46852)	6/24/1999 11:04:00 AM
From: CommanderCricket	Read Replies (3) of 95453

I just do not understand how $18.00 bbl oil translates into the current OSX stock prices. My FLC was over $10.00 a share the last time we saw $18.00 oil. Internet/Tech Stocks: High multiples for possible high earnings 3 - 5 years in the future. No earnings!! Can't keep the stocks down... OSX Stocks: Very low multiples for possible high earnings next year (based on $18.00 and higher oil). Most are making money!! No earnings momentum this quarter, so sell um off. Does the street believe were going to back to $10.00 oil? Why is the market being so short sighted? Well, I read it earlier on the thread that the short term noise should be ignored. Guess I'll ignore and wait til next quarter. Cricket

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