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Gold/Mining/Energy : Ensco International Inc. (ESV)
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To: David Lawrence who wrote (1345)6/25/1998 3:55:00 PM
From: William L. Oppenheim   of 2005
 
Maybe we don't need an expansion. Just stabilization. If the PE crept up toward the historic average of 15 or to the current average of 20 (S&P) or so, we would still make money at this level. We just need stable oil prices and expectations. We have a very volatile market in oil at present.
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