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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: CommanderCricket who wrote (42043)4/11/1999 4:32:00 PM
From: Razorbak  Read Replies (1) of 95453
 
Simmons Speech

Matt is a very bright guy, and a highly respected fellow B-school alumnus. Nevertheless, I don't necessarily agree with his market outlook. Never have as a matter of fact. The only thing I will say is that, ever since I've known Matt, he has always been ultra-bullish on the industry, even throughout recent oil price declines. For that reason, lots of my former colleagues tended to discount what he said about market outlook. Perhaps that stems from the fact that most of Matt's transactional business as an I-banker in the oil services industry heats up when prices are high. (IMO, this is completely counterintuitive, from a potential buyer's perspective, since that's when transactional prices are at their highest, but it's nevertheless true.) Therefore, he may be more bullish than objective since his bread gets buttered more when times are good. That's just my opinion, of course.

Razor
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