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


To: ItsAllCyclical who wrote (58045)1/6/2000 6:27:00 PM
From: ItsAllCyclical  Respond to of 95453
 
"Time to add oil stocks for both offensive and defensive reasons..."

>> And PaineWebber analyst Frank Knuettel said in a research report Thursday that sharp declines in worldwide oil inventories could even prompt OPEC to raise its 2000 oil output by 1.8 million barrels a day. <<

Knuettel also sounded an upbeat note on oil company stocks, saying ``it is time to add oil shares, both as an offensive measure to capture what we believe are good values in our universe and as a defensive posture in the even other sectors take a breather.' <<

Link to article...

biz.yahoo.com



To: ItsAllCyclical who wrote (58045)1/7/2000 6:11:00 AM
From: Ditchdigger  Read Replies (1) | Respond to of 95453
 
JimL,,agree, LU's problems are company specific,IMO..We'll see what happens,,I'm looking for a Naz bounce somewhere in here,,guess the employment report will make it,or break it<g>..DD (although, I wish it would wait until my yr 00 Roth contribution shows in my account<vbg>)thinking about picking up some LU in the premarket,currently about 55,institutions won't let it wither for very long,IMO