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: RGinPG who wrote (23634)	6/8/1998 3:00:00 PM
From: Big Dog	Read Replies (3) of 95453

RG -- I think we have to all acknowledge that -- right or wrong -- oil prices and oil service stock prices ARE tied to oil. Folks can rationalize this issue all day long, but the fact remains the two are positively linked. Plus, we have to acknowledge that the top tier oil service companies are all linked and will basically move as a group. Technical analysis is likely out the window when dealing with stocks that are linked intimately with a commodity that is linked to a cartel that is linked to politics...and so on. Forget trying to figure it out. My premise is that oil will go higher...someday. These companies are still making a shit load of money...today. The sector is as good a proxy for oil prices as any other. One consideration may be to simply buy the Fidelity Oil Service fund and not sweat it...or buy OSX options and not worry about individual stocks -- excpet maybe for exceptional circumstances (like MIND and FGII in my opinion). One morning we will wake up and oil will be $20 again and there will be peace in the valley. So sayeth The Dog.

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