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


To: Nello Filippone who wrote (60839)2/24/2000 11:41:00 AM
From: Think4Yourself  Read Replies (2) | Respond to of 95453
 
oil over $30 again. EnP's should sell at a PE of 1 when oil hits $40, and ANALysts will say: "We would give the EnP's a higher valuation but believe oil will come back down to $28 when OPEC starts cheating this winter. Regarding Natural Gas, even though it is trading at $3.40 now, and supplies are at dangerously low levels, we believe that it will settle below $2 when cooler weather arrives in 4-5 months. We therefore recommend sticking with the tech stocks and avoiding the energy sector for now."