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


To: Archie Meeties who wrote (9855)2/2/2000 8:15:00 PM
From: Madharry  Read Replies (2) | Respond to of 78546
 
FYI a friend of mine who works in the oil business and is very bright gave me a two minute tutorial on the economics of oil. Oil prices are almost totally determined by the low cost producers which are the Non-americans. Therefore oil companies are always in a quandary about how much they want to spend developing resources as it is so difficult to predict the price of oil in the near term. Hard to make investments if one is standing in qucksand.



To: Archie Meeties who wrote (9855)2/3/2000 10:43:00 AM
From: Paul Senior  Read Replies (1) | Respond to of 78546
 
arch. re: SEI. Still considering. Now that it's moved up (about 50%), and although it's still in my buy range, the move up has been so rapid, that I'm reluctant to step in. I am seeing other opportunities that pull me away from it also.

Paul
(Stock was about 6 1/2 when you mentioned it here late Dec. Now about 9. Nice call!)