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

To: Think4Yourself who wrote (55351)	11/24/1999 11:52:00 AM
From: SliderOnTheBlack	Respond to of 95453

JQP - re: E&Ps - comments from Mavis & TheStreet.Com Once again; I sold the mo-mo driller & service plays into the spike and am rotating those funds into the E&P's which sold off to levels below where they were on the recent OSX bottom - and did so headlong into a rise in crude - AND ! - off of excellent quarterly reporting ! Go figure ? ... someday Post Patrol will "get it" -> sell the spikes, buy the retraces & rotate, rotate, rotate - and you will miss "nothing" (VBG) ~ I gladly traded my SII & GLBL for UPR OEI & NBL. from TSC: <<Even as oil prices surge to nine-year highs, many oil stocks remain surprisingly cheap. That's particularly true of the smaller major domestic oil players, analysts and investors in the energy sector say. Making this story especially compelling is that even as $26-a-barrel oil fills their coffers with cash, these companies are restructuring and slashing costs>> ...While these comments were directed toward domestic integrateds - the same holds true for the OEI UPR PXD's of the Oilpatch. <<Higher prices will fuel earnings growth, and shares. "Ultimately, the valuation gap will close in favor of the domestic integrateds," this so-called second tier, says Adam Sieminski, energy strategist at Deutsche Banc Alex. Brown in Baltimore. Earnings momentum will increase heading into the first quarter, he says. >> ...hmmmm at least someone else "gets it" - ie: "ultimately, the valuation gap will close..." Bank on it.