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: rocklobster who wrote (21919)	5/13/1998 11:47:00 AM
From: Christopher Loe	Read Replies (3) of 95453

First post to this thread. I like to bottom fish so to speak, in PKD, TMAR, KEG, SFR. All seem to have similar charts as one would expect in regards to a certain sector. Obviously money is not flowing into this sector and may not until oil prices resume uptrend. The question I have, wouldn't money start flowing in ahead of expected oil price increases? Is there more of a glut than we know? It seems to me this could be the case. So, for the short term, we are going to rely on OPEC & company to boost prices. It doesn't look like we will get any help from Asia. Asia I believe, was counted on for ever increasing oil consumption, which as of now is put on hold. A friend of mine has recently been to several Asian countries, he can't believe the state they are in, not good to say the least. At this point I'm wondering if I'm in the right place with my investments. My gut feeling is that I am, but nobody knows for sure or we would all have Bill Gates bank account. Lastly, any opinion on my investment selections in this sector? Thanks in advance.

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