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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (38443)2/27/1999 2:47:00 PM
From: Gary Burton  Read Replies (1) of 95453
 
Slider-Many thanks for the CWEI thread!! 3 questions--1)In this list, which ones are heavily gas as opposed to oil? ---2)Of these,which ones have the longer reserve lives ( I presume gas has a short life to begin with)?----3) A bigger question-why bother
with EP's at all with drillers down 75-80%.Won't greed push the OSX's up concurrently given that they are so depressed and many people are watching the EP's as a signal to buy OSX issues anyway? EP's may restore their cash flows faster since they have been decimated but OSX per share numbers are still positive and therefore much less risk while both sectors are deeply depressed- ie.who needs the extra risk with EP's when you can get the same bang for the buck with OSX's?---I've stayed away from EP's in favour of osx's largely for this reason but would branch out if I saw good reason. so this is a learning expedition for me here.
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