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

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To: Wowzer who wrote (64968)4/19/2000 2:07:00 PM
From: Think4Yourself  Read Replies (2) of 95453
 
If record earnings don't bode well for the EnP's just think what poor earnings and "better in the second half" comments will do for the OS and OSX.

The EnP's are announcing, and agressively executing, buybacks left and right. I don't see any other sector in any other industry doing that. And why shouldn't they? They are getting their shares for practically nothing. Many are saying it's a better investment than drilling.

Yeah, earnings are built into the prices. Forward PE's of 5 to 15 are MUCH too high (ROFL).
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