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

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To: Crimson Ghost who wrote (75769)10/7/2000 12:41:51 PM
From: isopatch  Read Replies (1) of 95453
 
Nonsense for sure. These promotions pop up in every up cycle<g>

This gem from the dude's pitch about who they'll sell these "franchises" to is enough by itself for a good chuckle, "...and others who are not presently in the oil business".

Translation? People with no experience in the oil biz should be "easy marks" for this scam<G>.

PT Barnum is alive and well every time there's a big bull market in ANY sector. IMHO this is just the usual reminder of what we'll see late in the cycle. Say a couple of years from now, AFTER the W.S. Investment Bankers have finished marketing all the quality O&G IPOs....

Isopatch
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