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

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To: otter who wrote (55232)11/22/1999 7:48:00 PM
From: sportsman  Read Replies (2) of 95453
 
otter,
I have been in OIL since earlier this year at $12. I'm not selling. I thought about it a few trading days ago when it touched $27. Now, I hope it drifts down to $20 and I'm going to pick up some more. We know now that they have a world class find in EG, but it is going to take time to develop. I don't think most investors have the patience. With the EG find and the JDA in SEA, this is going to be a real winner in late 2000 and 2001. IMO, this is a gift of a lifetime IF you have a long term perspective.
Sportsman
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