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Strategies & Market Trends : Three Amigos Stock Thread
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To: Sergio H who wrote (21769)11/5/2000 10:34:25 PM
From: JoeinIowa  Read Replies (1) of 29382
 
Sergio,

I've also looked at the drillers recently. Of the two you proposed both have much more upside than downside. I would prefer OEI over NMC since OEI actually trades some volume. I have a rule about float turns per year. A couple of things I noted when looking at this sector. One is that the natural gas guys seemed to be pretty deep in debt. I'm guessing from the last few years of building reserves and having lower prices. A second item is I looked at the charts for natural gas verse drillers, verse natural gas stocks. I was expecting to see the drillers and natural gas stocks lag the run up in the price of natural gas. This is not true they in fact are directly in sync. Many of the true drillers are only just now looking at breaking even with profits for next year. I'll put OEI on my watch list as it looks good for a nice move in the near future. Thanks for the tip amigo.

Joe In Tuvalu out
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