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

To: Think4Yourself who wrote (83281)	1/4/2001 12:16:46 AM
From: Libbyt	Respond to of 95453

>Many of us ignore the analyst recommendations completely.< In this industry there are VERY few analysts who have a clue about what is going on...... Earnings estimates are almost always seriously out of date. LOL! Where have I heard that before?!? Since I mainly follow and invest in technology related stocks, investing in an energy related stock is a conservative investment for me. A stock that trades on the NYSE, has a P/E (not "N/A" for a P/E)...and pays a Dividend (not listed as - "none") is a huge change for me! IMO the energy problems that are facing California most likely were a factor in the decision of the Federal Reserve to make rate cuts today. The problems facing the average consumer, as well as the many tech companies located in the Bay Area are going to be enormous...and with these problems I would think further rate cuts will need to be made. (I believe the business customers of P.G.& E. will be receiving higher rate hikes than the average consumer.) CHK...do you feel that this would be an attractive take-over target by a larger company? Libbyt