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

To: SliderOnTheBlack who wrote (85847)	2/1/2001 5:33:45 AM
From: chowder	Read Replies (1) \| Respond to of 95453

Slider Mon, I had the opportunity to look at some analysis put out by Value Line, the other day. I was a little surprised by what I saw. Looking at Value Line's most optimistic prognostications, I could find only 3 companies in the energy sector that VL thought could produce at a 20% or more level going forward over the next few years. (No small caps are included.) The 3 companies were ENE, OEI an VPI. Two exploration companies and a combination energy/tech company. ENE is projected to show a 22% annualized rate of return to 2005 on the high side, 13% on the low side. OEI is projected to show 24% on the high side, 14% on the low. VPI is projected to show 31% on the high side, 13% on the low. It appears to me that VL thinks the rest of the sector will produce lower rates of growth going forward. dabum

To: SliderOnTheBlack who wrote (85847)	2/1/2001 7:39:15 AM
From: Think4Yourself	Respond to of 95453

Thanks for clarifying that "soon" means a year from now. I tend to agree that producers will see poorer comps "soon". The drillers will be seeing poorer comps "a little later". That logic is a tad interesting given what is happening in tech this quarter. The YOY comps are pathetic this quarter yet the techs are up 30-50% and more. Gues that just goes to show how important those comps are. Never did quite see the logic of comparing the present to the past. I prefer to compare it to the expected future. "Smart" money MAY have left as you claim but will return when the R word resurfaces, the cold weather returns, or energy prices start back up. All that liquidity sloshing around out there looking for a home.