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 (15370)	3/18/1998 5:16:00 PM
From: Lucretius	Read Replies (1) of 95453

Give her time. We'll get there. Remember, in 1979 GLM shot up to $250 on oil concerns. Not only will these stocks have great earnings for yrs to come due to the S & D factors of rigs, but you also get the lottery ticket fator by owning these stocks. If something happens in the oil mkt (war, OPEC, etc) and oil pops up, multiples on the drillers will expand into the 50s. Just don't plan on cheering these stocks alot higher anytime soon. They could bounce up now, I'm not ruling that out. That's why I don't trade these stocks and just ride out. You cn't predict when they will head up, but you know they will. Give father time a chance. he'll take care of ya in this sector. -Lucretius

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