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Strategies & Market Trends : Fidelity Select Sector funds
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To: Julius Wong who wrote (626)1/4/1998 9:24:00 PM
From: BJFW MD  Read Replies (2) of 4916
 
Dear Julius,

My understanding is that Drillers generally move with Oil futures, not oil prices, primarily because of the 1-2 year time lag it takes drillers to actually do something (ie. build a rig, boat, platform...). I forgot where I read this on the net,but will post if I can remember.

BJFW
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