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

To: marc chatman who wrote (14297)3/10/1998 11:46:00 AM
From: Czechsinthemail  Read Replies (2) | Respond to of 95453
 
marc,
Texaco was upgraded today. I think the blue chip factor is certainly present in the decision people make to buy big oil companies as a way to play the appreciation potential from low oil prices. The other factor is that majors tend to make money on their refining and marketing operations, not to mention petrochemical businesses when oil prices are low.
Baird



To: marc chatman who wrote (14297)3/11/1998 2:08:00 PM
From: Thomas M.  Respond to of 95453
 
Perhaps it is the blue chip effect as you mention. This is dramatically occurring in the drug area, where biotechs are dead in the water, while their partners, the big pharmaceuticals, are off to the races. Also, the drillers are 100% exposed to oil/gas (although many on this thread will claim that $3 oil is no problem -g-). The big boys have big chemical operations, as well as refining.

Just my 2 &#162.

Tom


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