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: Czechsinthemail who wrote (15316)	3/18/1998 1:39:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 95453

Baird, These are tough waters to swim in unless you are able to take a long term view. I couldn't agree with you more, but I had an interesting thought (to me, at least). If we're right, and there is no correlation between short-term oil prices and demand for the off-shore drillers and service companies, then at some point the market will discover this and revise valuations. In other words, we really don't depend on a sharp swing upward in the price of oil to justify our investments in these stocks. So, the question is, barring a major increase in oil prices, how long do you think it will take before the general market wakes up to what many of us believe is a legitimate value play? Regards, Paul