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: Chuzzlewit who wrote (12649)	2/23/1998 7:32:00 PM
From: megazoo	Read Replies (1) \| Respond to of 95453

<read Warren Buffet and stay away from options> ya, ya, warren and peter lynch and patience and bottom-fishing and character-building and crude-not-related-to-drilling and etc, etc, etc. WHY WASTE SO MUCH ENERGY TRYING TO FIGHT THE TREND? most of us don't have their luxuries. since we mention reading here, the only book that i have read, which changed my perspective of the market, which in turn made me money, which in turn made me sleep well at night is "ZEN IN THE MARKETPLACE'. it will take two hours to read, it will reward you enormously.

To: Chuzzlewit who wrote (12649)	2/24/1998 1:57:00 PM
From: upanddown	Read Replies (3) \| Respond to of 95453

Paul, Nice to see more talk about fundamentals and patience for this group and less obsessing about current prices for crude. Using the terrific resource that Ron has provided for us, I find that the 41 oil stocks he is following have a trailing 12 month PE of 21 vs. 25 for the S@P 500. Thats OK but the real difference comes with 12 month earnings estimates, 64% for the oil group vs. MAYBE 10-11 % for the S&P. Thats a PEG of 3 for oil vs. .50 for S&P, a sixfold difference. The 2nd yr estimates are also impressive at 42.7% The chart below also shows how crude (WTI) has bounced off the low teens three times in the last 12 years, each time returning to the high teens, at least. oilworld.com Regards, John