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: Alski who wrote (22789)	5/25/1998 12:06:00 AM
From: jbe	Read Replies (1) \| Respond to of 95453

RE: Petroleum & Resources Corp. and other Oil/Oil Services Funds Alski, appreciate your passing on the info. about closed-end fund PEO (Petroleum & Resources Corp.) Unfortunately, the fund looks like a real yawner. The Edgar data -- thanks for the URL -- indicate that PEO has 17.5% of its money in other areas (basic materials, construction companies like Caterpillar & Deere, paper & forestry products, and a few old stand-bys like GE and DuPont), but even that hasn't lifted its YTD return above 5.8%. And returns over previous periods are also worse than mediocre. 1-year: +10.7%; 3-years: +35.5%; 5 years: +35.9%. Blah. Anyone interested in possibly investing in a sector fund may compare PEO's performance with two Fidelity managed mutual funds: FSENX (Select Energy), a mixture of big oil, exploration cos., etc., with a sprinkling of oil service; and FSESX (Select Energy Services), which, as its title indicates, holds nothing but drillers, oil service companies, and boaters. The YTD performance of FSENX is +5.9%, about the same as PEO's. YTD performance of FSESX is only +.9% (down from +2.0% only a few days ago!). But look at the returns for past periods: FSENX 1 year: +13.6% 3 years: +66.6% 5 years: +83.1% FSESX 1 year: +35.7% 3 years: +163.7% 5 years: +196.9% FSESX looks pretty impressive when compared to the drilling/oil service industry as a whole. The Telescan industry category .OWD includes almost all the companies in the industry (with the exception of CXIPY and HLX), so I'll use it for the comparison. .OWD (weighted) 1 year: +13.7% 3 years: +127.3% 5 years: +135.9% The unweighted industry numbers (.OWDU) are better, but I forgot to write them down, and it's late! Hope this will be of use to somebody. jbe