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: James F. Hopkins who wrote (27363)	8/7/1998 11:18:00 PM
From: Rose	Read Replies (2) of 95453

A refreshing turn of events today. T'was nice to hear the pundits on CNBC in some dismay, recognizing a boost in the oil sector. My view remains that the oil sector is wonderfully under valued. The sector offers a selection of well managed companies, that carry little or no debt, operating from successful contracts with notable profits now and well into the future, --Marine Drilling one of my favorites. IMHO the Oil sector stocks are priced well under value. Notice that some of the companies are buying their own stocks back at these bargain prices. The oil sector does not exhibit the exhileration of the "financially intoxicating" internet and tech stocks, some of which took recent tumbles from their lofty heights. Let me be clear that IMHO there are good, sound tech stocks, operating with fiscal efficiency, and the owner's of those shares actually own a future. But many of these stocks are a wild ride on a roller coaster. When the roller coaster takes a dip, I want to be holding something of fiscal value in my portfolio. At this time, I remain bullish on the bearish oil sector. Thanks for enduring MHO. I appreciate all of your views. All the best to ya'all. Rose

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