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Strategies & Market Trends : Sharck Soup
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To: mishedlo who wrote (33957)9/1/2001 3:41:13 PM
From: American Spirit   of 37746
 
Energy stocks will rebound ahead of the winter.
They are at or near their lows now. Many have very low PE's and tremendous earnings though right now NG prices are depressed. But out here in Calif gas prices are still about $1.65 a gallon. They're making a lot of money, though not as much as during the 10 months of gouging. Energy stocks are also a defensive play and a hedge. And expect them to jump whenever Bush's energy plan gets through the Senate. That is full of fat pork for the energy cartel.
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