Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jbe who wrote (23361)	6/4/1998 7:36:00 AM
From: marc chatman	Read Replies (2) of 95453

<<Why so much doom & gloom, folks? On balance, considering it was a down day for the market as a whole, oil service/driller stocks, as a group, didn't do all that badly.>> By my calculation, the benchmark OSX fell 2.21% yesterday. (Of course, the real "dogs" such as EVI and VRC fell more than 4%.) By contrast, the S&P 500 fell only 0.9% and the Nasdaq Comp. fell only 1.1%. I think investors in a broad index fund should be looking at the OSX, thinking that they didn't do so badly. I think we've earned the right to some gloom and doom. <g> As for the spike in oil overnight, my guess is that it will have little effect on the sector. I suspect that the big fund investors will be waiting to see if there is any substance and staying power behind the move. And, while I'm not intimately familiar with how the oil business works, I don't suppose the E&P's will be meeting this week to increase their cap ex budgets.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next