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.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (2501)	10/8/2001 10:50:24 AM
From: Art Bechhoefer	Respond to of 36161

Peter, you seem to be looking mainly at the charts, which show that investor sentiment is going against the oil stocks. If you look at the fundamentals, you can determine which companies are able to make a decent profit on slightly lower crude prices. I grant you that there are many small, marginal producers with high cost supplies that can't make money when crude prices drop to the low 20's. That's why they are just that--marginal producers. I don't think that characterization applies to companies like BP Amoco, Unocal, etc. They're going to do just fine in this market. Art