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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: ezspkns who wrote (81818)12/15/2000 12:43:29 PM
From: Think4Yourself  Read Replies (2) of 95453
 
By "issues" do you mean energy stocks? If so then I claim there is no logical reason to sell now. This NG problem is going to last at least through next year, and probably considerably longer. During this time the producers with unhedged production for sale are going to make a killing. These same producers are using the windfall to pay down debt, which raises their creditworthiness and the PE they are evaluated at. It also lowers their interest payments and allows refinancing at lower rates, both of which increase earnings. IMHO taking profit on (most of) the NG producers here is a very poorly thought out decision.

EDIT: After reading Roebear's post I feel the need for a clarification. There is no FUNDAMENTAL reason to sell now. There may well be logical TA reasons to sell.

Incidentally NG for Jan and Feb up over a dollar today.
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