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Gold/Mining/Energy : Anadarko Petroleum Cp
APC 72.77+0.8%Aug 8 5:00 PM EST

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To: PuddleGlum who wrote (78)2/9/2000 4:08:00 PM
From: The Ox  Read Replies (1) of 129
 
I thought that SFY would get more attention after releasing earnings but that doesn't seem to be the case. With crude trading above $28/bbl, it is amazing to me that more analysts aren't pushing this sector.

I've taken a large position in APC, both a long term holding and a trading position. I find it hard to imagine this one staying below $30 for very long. Famous last words<g>. Short term I think this stock will be right back in the 32-33 range. My 18 month target is north of $45, as long as crude stays in the $20-25 range.

Thanks for your thoughts on the matter. Good luck with your SFY purchase. I have considered adding them back to the portfolio and will digest their earnings before I make my decision.

All the best,
Michael
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