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: Think4Yourself who wrote (64783)	4/17/2000 2:44:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

"Q" - E&P earnings DO NOT matter - re: OEI today... I still say one should have sold E&P's on the commodity price spike and on the post OPEC meeting rally. OSX stocks can, will and have run directly against the grain of retracing commodity prices and falling E&P shareprices; that is exactly what I see here. E&P's - peaked up 20-30% during the same time OSX stocks retraced 14-30%; I just flip - flopped; sold E&P & bought OSX.. we shall see what works. Actually; valuationwise; for E&P's I'd play the larger names like TX UCL here - or KMG as a nice sleeper. I'd bet the OSX outperforms the XNG from here by a wide margin over the next 3-6 weeks fwiw... and I'd bet heavy that KEG outperforms MRO by a WIDE measure for a short term trade here - a no-brainer imho fwiw (VBG) ~ KEG runs $8-$10 standing on its head, to $12 is a retrace for a near 50% play etc. I dont see MRO running to $32 - 36 in that same timeframe ? - I'll be the best "steak dinner " in town at our Rig Party on this one "Q" - are you a taker ?

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