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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Joan Osland Graffius who wrote (79423)4/12/2000 10:11:00 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Joan, I always look at puts on commodity cos. when their eps are peaking. They have peaked and now oil prices are declining. The stocks are overpriced for the big integrateds. For example, Exxon is at 36 times eps at peak earnings and a 52 week high as oil prices decline. That is nutso.