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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Fredman who wrote (32308)12/1/1998 9:52:00 AM
From: RGinPG  Read Replies (3) of 95453
 
20% or more further down is not inconceivable to me. Someone once posted that these companies are still profitable with oil prices at $12 a barrel. My argument was they are not as profitable as they would be with oil at $20 a barrel. Won't they actually be losing money with oil at $10 a barrel? How do you price that into these stocks? How can they maintain earnings with the major exporters giving their product away?

Meanwhile I'm working on a trading system for the Internet stocks. (Certain death for that sector).

osxstocks.com
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