Undervalued Oil stocks, submit your picks Message Board

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Gold/Mining/Energy : Undervalued Oil stocks, submit your picks

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To: bill who wrote (16)	7/18/1999 8:05:00 PM
From: Scott Mc	Read Replies (1) of 22

Bill, how much of the firming up of prices is due to things in the far east improving? I also would think that the producers would be scared shitless to increase production, after all they were getting $10 a barrel not that long ago, now they are getting twice as much for who knows 95% of what they were selling before..... Must say it is a wild card, guess that is why Oils seem so so cheap, I used to use a rule of thumb for a junior of 45mil share X 10K production = $6 per share , now just about every junior trades at 50% of that price.... My current picks are MXP,MGY Scott

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