Strictly: Drilling and oil-field services Message Board

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

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To: Frank who wrote (63495)	3/30/2000 7:36:00 PM
From: Think4Yourself	Read Replies (3) of 95453

I didn't lighten up today either. I am of the opinion that the funds are entering the EnP's for the long haul. We are going to have FANTASTIC earnings and EVERYONE knows it. They want to be on the books as being in the sector at the end of this quarter so they are entering now. I actually do NOT expect a pullback tomorrow as it is last chance for the energy funds to keep from looking like fools when they report their holdings. Any energy fund who comes out and shows they are not heavy in the EnP's will look incredibly stupid. Look at the product prices. During this quarter we had NG at about $2.70? average and oil at $28? average. How often in history have BOTH been high, THIS high??? They will both stay that way for the rest of the year. The EnP's belong at their all time highs right now but are nowhere near those levels. Oh, and the EnP's are going to BLOW AWAY the earnings estimates this quarter. I am just worried the drillers are going to rain on the parade.

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