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


To: upanddown who wrote (56598)12/9/1999 4:24:00 PM
From: Think4Yourself  Respond to of 95453
 
John, I have only seen a few budgets so far, but 15%+ has been typical. It looks like the analysts are going to keep their perfect track record - of being wrong.

Have they been right about ANY fundamental statement this year? I honestly can't think of even one thing they called right that they didn't influence (self fulfilling prophecy).

Oil is going to $5
OPEC won't be able to come to a concensus
OPEC will cheat
OPEC is cheating
OPEC should cheat
$25 oil can't hold
Spending won't be up significantly next year
oil stocks are ahead of fundamentals (Dain Raucher Wessels analyst on CNBC yesterday)