NE, Noble Drilling Message Board

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Gold/Mining/Energy : NE, Noble Drilling

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To: Michael Burry who wrote (295)	3/12/1999 12:29:00 PM
From: Fredman	of 301

i agree with you, but doesn't it seem that the price of OIL is what is driving the buying of a particular Oil company, and not the Financials of said-company ? (remember - i said SEEM). I see Companies out there with little debt, and some with a lot of debt - it doesn't seem to matter - almost ALL of them are up anywhere from 20% to near 38% since March 1..... Just like trying to value I-Net stocks - those prices don't make any sense, but with good reason.... because they don't have ANY financials to back them up. And you already know about one reason i like Oils so much - Most of them are on NYSE, so we don't get the MM's dicking with the prices so much, unlike NASDAQ crap. IMO, of course.

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