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


To: Think4Yourself who wrote (63513)3/30/2000 11:42:00 PM
From: Tomas  Read Replies (1) | Respond to of 95453
 
``While crude oil may come down, it is still likely to average $26 a barrel this year,' said Lewis Ropp of Frost Securities in Dallas. ``That's going to create a lot of cash flow for exploration and production companies, which will then trickle down to the drilling firms.'

This could be the best buying opportunity of individual investors in the last ten years. The large brokerage houses are raising ratings and the bigger companies themselves are looking. Yesterday, Italy's ENI announced that it was buying British-Borneo.

As the uneducated investors rotate out of the tech stocks, where are they going to go?

From PetroDispatch, March 30