John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (3278)	2/20/2001 9:37:17 PM
From: Hawkmoon	Read Replies (1) of 33421

Completely agree about NG companies... One of the sectors that I'm trying to focus my wife's attention on after her bloodbath in the internutz.. :0) Heard some good things about GW (Grey Wolf) from a radio broker I listen to here in the DC area.. Thinks it could double to $12. (I don't own any at this time as I'm looking for it to consolidate and show some support). It would seem that O&G drilling equipment stocks should be the first to benefit from the wave of upcoming exploration to be expected. And I would think day rates on oil rigs should remain steady, if not increasing in price. There is supposed to be a big energy summit here in the capital sometime early this spring. That should kick-start the entire sector and bring energy stocks to the forefront. That's what we get for having an administration more interested in the economic "icing" via techology, than the "cake" (infrastructure) required to support it. I think California is in for BIG trouble this summer, and the fact that it represents some 18% of the US GDP, is going to drag on the rest of the nation. Regards, Ron

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