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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (9686)	1/19/2000 11:59:00 AM
From: James Clarke	Respond to of 78704

In Barton Biggs' latest strategy piece, he talks about the great flood in the book of Genesis. When it was over, God gave Noah the sign of a rainbow with a warning that mankind better change its ways. "Then God gave Noah The rainbow sign No more water The fire next time" Tech stocks are starting to look safe again, aren't they?

To: jeffbas who wrote (9686)	1/19/2000 2:09:00 PM
From: Ron Bower	Respond to of 78704

Jeffrey, You would have to ask someone other than me about oil & gas as it's unfamiliar territory for me. As I understood it, PETD uses investors to do the drilling, then keeps a percentage (20%?) of the gas & oil revs from the wells. While they profit from the drilling, I was attracted to the long term G&O revs. biz.yahoo.com If I'm wrong on this, I hope someone will straighten me out. Ron

To: jeffbas who wrote (9686)	1/19/2000 4:02:00 PM
From: Archie Meeties	Read Replies (2) \| Respond to of 78704

"I personally would prefer something more directly affected by improving prices..." What do you think improving prices does to PETD's drilling revenue? "and perhaps with oil exposure." You must accept that oil, like gold, is a political commodity. Once you're willing to deal with that, ask yourself if you think $30 oil is sustainable. It's not. It's going to stay above $30 for a while (if you want an explanation, look at my stream of consciousness post on the "Oil economics" thread), but it will come down from there, and your over-balanced oil play right along with it. A balanced, or ng-weighted low cost E&P carries less risk. EEE is trading at around a 50% discount (some say more) to it's NAV. As the this thread title says, it's an obscene value play, and currently stranded at port. A large cap in the same situation is GOU. GOU also has a preferred you might want to look into. Good Luck, A.