The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Junkyardawg who wrote (17095)	3/14/1999 11:14:00 PM
From: mph	Read Replies (1) of 90042

dawg: It's very funny. When I saw your initial post about DD, I absolutely knew you were looking at an oil service sector stock. IMHO, the basic reason for the discrepancy you cite is that the sentiment is just not there and it will take oil prices rising and staying above $15 for an extended period before the sentiment changes. Right now there are investors, and maybe some institutions, dipping their toes in, but I doubt that the sector will actually recover its past glory in less than 2-3 years. It's a value play for those with a longer term horizon. For the shorter termer, there are certainly opportunities, but these are less concerned with the fundamentals, then news, like the upcoming OPEC meetings. You might want to check out the Invest/LTD thread and look at posts by THean Yeoh, or the Strictly Drilling thread, which contains an ongoing discussion of the sector. See Big Dog's posts in particular. He knows the industry. All IMHO, of course. mph

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