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

To: Timelord who wrote (79921)	11/24/2000 11:42:47 PM
From: energyplay	Respond to of 95453

I owned FSTEX for quite a while, it tracks the patch quiet well, and ususally has good stocks. FSTEX did seem to add some value over a raw index by picking smaller companies and avoiding companies like Cononco which don't seem to move much. Shifted to Fido's FSNGX to get more of a gas play & took the hit on the load, paid off. Not sure I would want to do that now. FSTEX had a big position in Talisman, which some people see as having moral issues wtih their Sudan venture. Talisman has under preformed for its earnings, possible as a result of some investors staying away. Well known problem with Fidelity's sector funds is they use them for training grounds for new fund managers. There are at least 3 other enregy funds, I picked FSTEX because it was heavily into medium size domestic E&Ps.