Strictly: Drilling and oil-field services Message Board

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

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To: t4texas who wrote (89333)	3/27/2001 7:51:19 PM
From: TRUE_TRUTH	Read Replies (1) of 95453

Hard to infer anything about the NG equities themselves since they don't seem to follow commodity prices up, only down....guess there are short term inefficiencies and then there is sector rotation stuff, etc. So, guess if I have a point it is that longer term, the NG equities look undervalued and as soon as 1st quarter earnings for techs hit, or this rally hits a point where traders take profits in techs and dow stocks, they will probably come back for a look when 1st Q NG earnings come out and when everyone realizes there never was much of a shoulder. It may take a few more weeks, but something to think about. Think we will see another rally on the NG equities in the next few weeks. Main point was that gas prices and production has not behaved by doing what everyone expected. I think NG equities are down for a different set of reasons than what most people thought. (regardless, they are down). But maybe everyone is too bearish on them now. Now that's a "contrarian" play. Truth

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