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: Chuzzlewit who wrote (12649)	2/24/1998 1:57:00 PM
From: upanddown	Read Replies (3) of 95453

Paul, Nice to see more talk about fundamentals and patience for this group and less obsessing about current prices for crude. Using the terrific resource that Ron has provided for us, I find that the 41 oil stocks he is following have a trailing 12 month PE of 21 vs. 25 for the S@P 500. Thats OK but the real difference comes with 12 month earnings estimates, 64% for the oil group vs. MAYBE 10-11 % for the S&P. Thats a PEG of 3 for oil vs. .50 for S&P, a sixfold difference. The 2nd yr estimates are also impressive at 42.7% The chart below also shows how crude (WTI) has bounced off the low teens three times in the last 12 years, each time returning to the high teens, at least. oilworld.com Regards, John

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