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.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (10765)	11/30/1999 11:28:00 PM
From: Lucretius	Respond to of 14427

re: bear's case.... not exactly (at least not my thinking). oil prices should collapse back to the mid teens when equity prices worldwide crash. Book value on NE is around 10 bucks. NE's business deserves anywhere from a 7 to 9 multiple on earnings (currently 32x)and maybe less unless the Fed has decided to conitnue printing and give us all 25% t-bill rates, which i doubt. i am HOPING that most will be thinking depression and deflation and dump the drillers to below book value where i can scoop them up cuase think that the US ius headed for massive inflation down the line due to the massive printing operation being undertaken by the clowns down at the Fed. eventually the mkt will move rates high enough that equities will collapse then everything should got to hell, justy depends on how fast it happens, that's why i said we need some acceleration. could be 6 months for NE to hit a new low, but i think it'll do it. but maybe not.. we'll just have to see.... for now i am waiting for lower prices, but i could change my mind