Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Think4Yourself who wrote (66649)	5/19/2000 3:00:00 PM
From: ItsAllCyclical	Respond to of 95453

Uh oh...the street is catching on to the energy sector. biz.yahoo.com Some Highlights: Oil and gas companies new darlings of Wall Street... And analysts say a run that has lifted the Standard & Poor's index of exploration and production companies by about a third this year, is far from over. ``These companies are still cheap,'' said Dave Wheeler, an analyst with Deutsche Banc Alex.Brown. ``The sentiment was so extremely negative, that the stocks were way oversold.'' ``There was a concern that oil could fall to $18 or $20 a barrel after the OPEC agreement,'' said Bill Featherston, an analyst with PaineWebber. ``Anything north of that is now considered gravy.'' Pace, in fact, believes exploration and production stocks could rise another 20 to 30 percent before hitting historic valuation peaks. ------------------------------------------------------- My take: I certainly wouldn't want to be in the E&P leaders right now. 20-30% doesn't excite me since they have the same potential downside short term, but the small cap laggards are still exciting on a 12 month basis. I really like BSNX, THX, OEI, SFS and other mid cap laggards if we have a little bit more of a pullback or sideways move.