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To: fedhead who wrote (89679)1/4/2000 9:56:00 PM
From: Victor Lazlo  Respond to of 164684
 
Isn't oil going to go to $30 a barrel like that prediction sheet said? Big stock gains predicted in 2000 for Schlumberger, Haliburton, etc. <gg>

Victor, long Fidelity Select Energy Svcs Fund



To: fedhead who wrote (89679)1/6/2000 10:30:00 PM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
In my experience oil stocks pretty-much follow the price trend of crude.

Cyclicals tend to outperform in a rising rate environment because rising interest rates are telegraphing pricing power.


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