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Strategies & Market Trends : Value Investing
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To: Graham Osborn who wrote (55097)3/21/2015 10:48:39 AM
From: Paul Senior1 Recommendation

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Mattyice

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I assume off-shore oil activities will carry on. In 5-10 years from now, I don't know if at a much lower rate than now or at a higher rate. I've no idea what oil prices would be then -- Saudi actions to effect oil down to $60 and less have been such a shock. It's not only that that it happened (a huge dollar loss to many (including me)), but also that so few - if anybody - foresaw it coming. Which makes me cautious now that anyone can have any assurance of their predictions of oil/gas prices.

Hornbeck? Maybe. It's been profitable 9 of past 10 years, and has more than doubled stated bv in that time. Is stated bv even anywhere relevant for a company that's in a sector with diminishing expectations of business, maybe of persistent unfavorable prospects? Stock is at 50% of stated bv now. I can go with that, the insider buys, and that the company has been profitable in past with lower revenue. Small bet though.

Yes, could be a worrisome time to buying into the oil services sector.
With several stock market indices near all-time highs, to me it's a time to be worried about buying almost anything.
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