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: Gameboy who wrote (30230)	10/1/1998 8:48:00 AM
From: SliderOnTheBlack	Read Replies (5) of 95453

CNBC's Maria B. ....just said it all... The oil stocks are now viewed as a safe haven... crude up over 30% in 2 months - she's on the air again touting Oil...add Abby Joseph Cohen & James Cramer to that list... With another day of a major overall market sell off; the oil service and drillers just may ( or maybe not...) get a bounce. The cards are in place, crude prices up over $16 and between some recent Strong Buy analyst comments, the Barons articles etc. Not all the money is going to bonds... Oil & Gas will have its day, soon,very soon... PS a historic opportunity is unveiling itself in the banking financial centers. Companies without ANY hedge fund or foreign currency or loan exposure are selling off equally to the major International Institutions...this is the greatest example of market/investor emotional irrationality in decades... This sector will be a business school course in 5 years.... One can literally become wealthy with prudent investments in regional banks, S&L's, some techs - allthough much, much riskier; and of course the oil service & drillers with E&P companies in particular offering tremendous return potential; there are some 6-7-8 ''baggers'' just sitting there for the taking... any wonder that world reknowned LBO firm Hicks Muse just recently put $600 Million + to work in a couple of US E&P companies ? For those that can and will - ''think outside the box'' here; there are some intriguing opportunities. With low unemployment, high wages, low interest rates and an International stimulus package being coordinated by the Worlds Bankers - anyone stop to think about how much money from both the US and abroad will come flowing back into the market when the tide turns ? There will be more of a cash infusion into the market than perhaps anytime in history People - we are seeing financial history unveil before our eyes... The EURO is coming; the Phoenix called Asia will rise again....on and on... Because there are not any trader manipulated commodities to worry about; this is such a damn easy bottom call in the overall market that it is taking candy from a baby ! Of course the Fed was only going to cut rates .25 initially. Of course the market would blowoff wanting more... Of course the Fed will move again with more rate cuts.... and after .50 to .75 the market will bounce...Duhh ...buy the S&L's, buy the S&L's, buy the S&L's....with the dividends, book valuations, and price bounce about to occurr - this is perhaps the greatest risk vs. reward sector in 25 years !

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