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

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To: SliderOnTheBlack who wrote (58706)1/19/2000 12:08:00 PM
From: ItsAllCyclical  Read Replies (1) of 95453
 
Slider, I had heard of LD, but didn't realize they were over the 500 mil market cap threshold.

Technically NBL, XTO, LD, PXD are all pretty similar here. Fundamentally all are some of the cheapest large cap E&P's. Again we're talking shades of gray. All will do fine over a 12 month horizon.

Short term I'd put my money on PXD and NBL. PXD broke it's 50 dma yesterday and will probably challenge it's 200 dma soon. NBL is close to breaking. LD and XTO are still testing/consolidating imho.

At this point I'm going to stick to what I know. I feel pretty comfortable trading PXD now. At 9 1/8 it's a steal.

Starting to dable back into small cap land too.

On a debt/safety basis LD and NBL look quite good.

My biggest regret so far is that I didn't overweight VPI in my portfolio. I have a sizable core position of VPI for the long term, but I wish I would have bought more Jan 10's for trading.

Thank you for bring LD to my attention. It's on my watch list now. If it pulls back to 16 I'll certainly buy.

I haven't heard you mention PXD as much. Are you done accumulating or have you been selling into strength to play other E&P's?
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