Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (46968)	6/26/1999 9:17:00 AM
From: tdl4138	Read Replies (2) \| Respond to of 95453

Anyone investing with a long term horizon should do well...edit that..should do great.Long term defined as 12+months. The unfortunate part of the equation is that even though oil has stabilized at $16-18 the earnings expectations are higher in most peoples minds than reality dictates. Higher earnings will come fast and furious...but not until the whole sector gears up. This takes time. Perfect example of this was UFAB this week. Why should earnings have been down....after all...oil has been up for months....When the numbers were not there....neither were the buyers. I would still suspect that the first companies to see improvement will be the little E&P's...Like EEX and EPEX. They should be able to benefit immediately. A lot of people will be watching this qtrs earnings.Strong improvement in bottom lines will be well rewarded, and rising crude prices will show a direct correlation to stock prices.But until the numbers improve, its still just speculating. FGI has the opportunity to evolve into a well rounder player...but how long will it take? In the meantime, why buy and hold it? From the recent price action...that seems to be the perception. I bet the first time they announce a building "backlog"...the stock will rocket. But to take bets today as to when that will be...doesn't make sense. I think I'm over simplyfying things a bit...but until price of crude becomes higher earnings...oh well...I think we all get the picture. Just my thoughts Dave