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: PartyTime who wrote (15029)	3/17/1998 11:25:00 AM
From: Lucretius	Read Replies (1) of 95453

<<<If gas is up today, and MDCO is a half-gas/half-oil driller, why isn't it gaining benefit from upward gas prices. Consider that I'm relatively new at this and am still trying to learn about all of the contradictions.>>> Gas is not up big, up steady nevertheless. Remember the mkt is NOT efficient. Emotion often takes things to extremes. That's when you step back and look at what's actually going on at these co's. If they have very little exposure to oil and oil prices are diving, you buy when there is value. EVERYBODY: Listen up! This is the historically worst month for energy prices as we transition out of winter and into spring w/ no buying for the summer driving season. If you want to sell and think it is over, at least wait for the bounce when crude kicks back up a little as it normally does over the next two months reagrdless of whether I'm right about prices returning to $17. Then bail. Just trying to help you guys out. :) -Lucretius

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