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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (13223)	10/22/2001 2:48:01 PM
From: Paul Senior	Read Replies (4) of 78701

Hard to figure these oil/gas exploration plays. Gasoline prices coming down as demand drops as recession nears and people afraid(?) to travel. We, as a country, may make more of an effort to be less dependent on foreign (Arab) oil. That could be through more social pressure (patriotism?) for conservation (decrease demand => lower stock prices) or having increased incentives for domestic exploration (increased oil prices and/or more tax breaks for oil companies => higher stock prices?) Possible that Arab oil countries might again use their oil supplies as a weapon. Or their terrorists interrupt supplies. Oil prices could surge quickly again => higher stock prices On the assumption that stock prices of the e&p companies will ebb and flow with current events, that maybe we're closer to lows than highs, but if not, that I can hold on through declines that will occur, I'll add just a little to my portfolios' oil component. Buying DNR and PRZ. finance.yahoo.com

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