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: donald sew who wrote (10283)	1/31/1998 6:57:00 PM
From: RGinPG	Read Replies (3) of 95453

I have compiled a chart of the OSX overlaid with Light Sweet Crude cash settlement prices for the last 3 years. It made be found at my web site lonestar.texas.net under the OSX Vs Oil in the contents on the left. Some conclusions I made from this chart are that the OSX does fall initially with Oil prices, but after a term the OSX stabilizes and goes back up regardless of what the price of oil does. Once the market has absorbed the "shock" of lower oil prices, the earnings realities (earnings don't change) take back over and the stock prices go back up. I think this is also what you were saying.

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