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: marc chatman who wrote (28111)	8/21/1998 1:07:00 PM
From: Gameboy	Read Replies (1) of 95453

Marc, consider the irony. From AOL market news: Yields on 30-year Treasury bonds, which go down as prices go up, today dropped below 5.5 percent for the first time in the two decades such bonds have been issued. As interest rates drop, stock prices should be rising because the equivalent PER (price to earnings ratio) relative to the interest rate should be correspondingly greater to yield the same return on investment. Today, I bought 1,000 shares of TMAR @ 8 5/8 which in the last 12 months has earned $2.26/share. Compare this to the $1.45/share earned by Dell last 12 months - and Dell sells for about $110/share more. Believe what you will, the price of oil isn't going down from here. With every week that passes, more production is taken off the market and either the countries in OPEC go bust or Brent gets back to $17/barrel soon. How conservative can one get? And you call me bold. Best of luck, Steve

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