harry
i vaguely remember sonki said the note pays you 2% a year but guarantee your capital till 2005, while you keep all the upside, something like that.
oil service sector - it has seen its bottom in march but this rally again depends on opec cut back on production one more time - it could be like what happened in march, they surge and back off 10-20% again - some of the key players like slb, hal, have broken out though, so this time the backing may be much smaller.
choose your stocks carefully if you decide to jump in now - i strongly believe they would have a pullback from this surge which already is in its 4th day, near the end of the up cycle.
rig, slb, hal, sii (take over candidate), vrc, cam, ron, do, flc are better than others.
there is a thread on si called strictly for drillers or something like that. just plug in slb or whatever, see if you can find it. |
