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

To: Don Westermeyer who wrote (21381)	5/4/1998 9:02:00 PM
From: Teddy	Respond to of 95453

Don, they must be reading this thread: Concentrate on the offshore rig companies, but steer clear of the big oil refining companies and the onshore drill rigs firms. John Segner of Invesco Strategic Portfolios Energy (FSTEX) holds a 28% stake in oil services, which, he says, is "about as high as I've ever had." He believes the market unfairly values these companies because investors have a "too simplistic way of looking at the sector." "Tying the commodity price of oil to these stocks is a mistake," says Segner. "In the end, fundamentals will rule the day. If a company shows increased earnings, its stock price will eventually follow, regardless of what the current market believes."