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


To: Alias Shrugged who wrote (5312)12/16/1997 12:04:00 AM
From: Gemini  Read Replies (2) | Respond to of 95453
 
What's really baffling Mike is when oil prices hit today's
18-month low, most if not all of the energy equipment stocks went
straight down, but the major oil companies' stocks like Mobil,
Exxon and Chevron climbed????????

With extremely low p/e's, the only thing one can do is to either
buy more of our decimated equipment stocks or to sit tight
because a turnaround is inevitable when you look at the demand/supply side of the equation.

Allan