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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: JungleInvestor who wrote (57192)12/20/1999 10:59:00 PM
From: Crimson Ghost  Read Replies (3) of 95453
 
Jungle:

Unfortunately recent oil stock action does not encourage the idea that these issues will rally much on an oil price hike widely perceived to be temporary. The OSX would be well over 100 right now if investors thought crude would remain north of $25 for an extended period. My take is that we will not see a sustained upturn in the energy stocks until oil comes down next spring and investors get a handle on where it will settle.
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