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

To: The Perfect Hedge who wrote (12616)2/23/1998 3:56:00 PM
From: Lucretius  Read Replies (1) | Respond to of 95453
 
Make your argument for WHY oil will go lower for the rest of '98 and remain below the key $17 mark. I'm interested.



To: The Perfect Hedge who wrote (12616)2/23/1998 7:24:00 PM
From: Chuzzlewit  Read Replies (2) | Respond to of 95453
 
Glen, outside of the prices in the equity markets, there is nothing wrong with this sector. Earnings are great, cash flow is great, earnings estimates going forward for the next several years look great, but the price of the stocks is cheap. That's why it's called a value play, and that's why it takes patience.

Relax, take it easy, read Warren Buffet and stay away from options.

Regards,

Paul


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