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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (15862)	11/26/2002 2:19:52 PM
From: Sergio H	Read Replies (1) of 78507

Briefing has some interesting comments on the oil sector this morning: 9:49AM Exploration & Production stocks may see headline risk from SEC move - Wachovia : Wachovia in a pre-open note said they believe the SEC has moved to increase its expertise in the area of reserve accounting through new engineering hires, and may begin intensifying its review of oil and gas reserve bookings with the purpose of creating greater disclosure standardization; firm believes there is a possibility of headline risk, and an overreaction to the issue from a broader perspective would probably invite a buying opportunity for E&P stocks.

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