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 (14)	12/6/1998 12:22:00 PM
From: Ed Ajootian	of 350

Dr. Rod, Thanks for the psychoanalysis! I think you hit the nail on the head w/me --- my style does not fit well with this sector. I would gladly pay double the price to buy a share of an oil stock than presently, if I knew what the commodity price environment was going to be a year from now. Looking back over the last several years, I made plenty of money buying and selling O&G microcaps when oil was $20 a bbl. I have no interest in buying a stock on the hopes that, with some favorable market forces, the commodity that the company is exploring for will come back up to it "equilibrium" price. That is not what I am in this for. All I wanna do is drill some holes and see if I get lucky, man. That's what it all comes down to. I don't give a rat's ass about what the Saudi's are doing or what the Venezuelans are doing.

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