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: Peter V who wrote (95078)	1/11/2002 1:19:28 PM
From: kodiak_bull	Respond to of 95453

Peter: "Anybody think this drop in Energy Service Sector is getting overdone? (or at least getting somewhere near a bottom?)" In a word, no. Today it looks like they're (AG & crew)going to push out the economic recovery another quarter (wait, this won't be the last time they play this rerun), we've got warm weather, high storage, worldwide recession, OPEC and NOPEC at odds, Argentina problems, worldwide recession, and the "war premium" on energy is disappearing, and worldwide recession (did I mention that?). This cycle could well be more shallow than the last one (OSX 46 then, where do we go to now, but OSX 79 ain't it), and it will be much harder to make 400~500% gains over 18 months like before, but there's no reason to think it's time to buy the OSX stocks now. Kb