Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Thean who wrote (7779)	1/12/1998 11:37:00 PM
From: RGinPG	Read Replies (3) of 95453

I've heard others say on this thread that earnings in these drilling and service companies are not tied to the price of oil. Maybe not, but their stock prices sure seem to be (at least short term). I have a chart of the price of oil (Light sweet crude) superimposed on a composite of the drillers, and they seem to correlate pretty well. When the price of oil drops significantly, there seems to be a time period for the fund managers to get over sticker shock, and then the stocks go back up with or without the oil prices. It seems we are in the sticker shock phase. I'd like to upload this chart for this thread to look at and get feedback. Any ideas on how to do that?

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