**KTNV ** up in pre-market; Experts on the energy sector: "People still remain exposed to technology stocks, the big ones, like Microsoft (MSFT: Research, Estimates) but I think people are also looking for some place for safety," said Ron Hill, equity partner, Brown Brothers Harriman, "and so, that safety area is probably something in the oil area - Halliburton (HAL: Research, Estimates), Schlumberger (SLB: Research, Estimates), Transocean (RIG: Research, Estimates). Oil's over $30 a barrel. I think we have got a pretty nice-looking scenario here for better spending on the oil service sector. So earnings should probably do pretty well here going forward."
BARRON's: (feb. 21) : "Oil Stocks: Gushing with Opportunity" and inside on page 17, an article entitled "Too Cheap to Ignore"
ANOTHER BARRONS QUOTE (from the article): " the biggest winners, however, are apt to be the hundreds of oil-services companies that typically hit pay dirt on increased drilling... the oil-services sector is going to show 50-80% earnings growth in 2000."
YET ANOTHER QUOTE (from Michael Mayer, an oil analyst at Schroeders & Co., "The outperformance of the tech sector has created the best buying opportunity [in the oil sector] I have ever seen."
YET ANOTHER (from Bear Stearns analyst Fred Leuffer) " They're almost inexplicably cheap." |
