Oil & Gas Price Economics Message Board

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Gold/Mining/Energy : Oil & Gas Price Economics

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To: Rod Copeland who wrote (17)	12/5/1998 6:01:00 PM
From: Arktic	Read Replies (1) of 350

Rod: If it's any consolation, I couldn't get my browser to cut and paste the article either. Usually, it's not a problem. Ed must have some net magic that I haven't learned yet <ggg>! I'm enjoying the content of this thread. Ed... you have commented that you don't want your investments to hinge upon international politics. Like it or not, all investments (not just commodities) hinge on international politics. When Razor starts chortling bullish on oil and gas... time to listen! I think his contrarian analysis is entirely correct. I'm not sure about the timing but if one is patient, today's prices for oil and gas stocks will eventually look VERY inexpensive. I remain puzzled by the tulip bulb stocks (i.e., internet) which have limited economic foundations upon which to predicate their market valuations. Millions have been made in these stocks but I'm not certain that millions will be retained by today's investors. Remember the sizzle stocks of the 60's? At that time there was a two tier market. One tier was based upon common sense economic valuation and the other tier was based upon the "golden" stocks which could only go up... Polaroid was one of those gold plated stocks of the day. I feel extraordinarily burned in the oil patch during the past 18 months. But I also firmly believe there's a lot of money to be made by picking through the carnage. Obviously, judicious selection criteria must be employed when selecting undervalued oil and gas stocks. But some are very ripe for the picking! The bottom is not the time to jump ship. One of my biggest investment disappointments historically was in 1980 when I wanted to drop a signficant chunk of change into Chrysler at $2.50 per share. I was advised by a senior level investor not to buy the dog. I didn't. The rest is history. Again, it appears that we are approaching a bottom in the oil sector. I don't know how soon the upward move will occur. But eventually, it will happen. Nice to be aboard when it does. Paul L. Craig

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