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: SliderOnTheBlack who wrote (32659)	12/9/1998 11:51:00 PM
From: Douglas V. Fant	Read Replies (1) of 95453

Slider, two points. You'll see good returns on stocks in this sector much sooner than 36 months. That is because we are about a year beyond when earnings began to fade. So year-over-year comparisons will begin improving. Second both the OS companies and energy producers are readjusting their corporate economics to accommodate $12/bbl oil (WTI) as we speak. So do not be surprised to see earnings beginning to grow again about second quarter even if oil prices remain flat. And note that gas prices have remained pretty good. So we agree- sector is oversold/underbought.... Sincerely, Doug F.

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