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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 (26522)	7/25/1998 4:14:00 PM
From: Alski	Read Replies (1) \| Respond to of 95453

Words of wisdom on driller PEs from Fooldom? Also, please note that the PEG should not be applied to every situation. We ignore the PEG for the following industries: airlines, banks, brokerage houses, leasing companies, mortgage companies, oil drillers, and real-estate companies. For their different reasons these generally cyclical industries have low P/E's that virtually never reach their growth rates, often because their companies are valued off assets they hold (like oil deposits and real estate) rather than operating earnings.

To: marc chatman who wrote (26522)	7/25/1998 4:31:00 PM
From: Dwight E. Karlsen	Respond to of 95453

no doubt this has been mentioned before, but I personally just noticed that out of 197 industry prices tracked by Investor's Business Daily, Oil & Gas-Drilling is ranked 197 (bottom) this week, 197 last Friday, and 194 3 mo. ago. The 21 stocks in the group have had a % change since Jan. 1 of -42.9%. "197 Industry Groups are ranked 1 through 197 on price performance of all stocks in the industry in the latest 6 months (1= best performance)." At the top (we should all know this already) is Computer Softwr-Internet. last Friday was also 1, was also ranked 1 three mo. ago. Ranked higher than Oil & Gas-Drilling are Mining-Gems at 196, Machinery-Farm at 195. Metal-Steel Pipe & Tube (12 companies), which were ranked at 196 three mo. ago, have moved up to 188 this week, but that was a drop from 177 last Friday. Oil&Gas-Intl Specialty (3 companies) is at 186, was 185 last Friday, and 190 3 mo. ago. Oil&Gas-US Integrated (14 companies) is at 183, 187 last Friday, 187 3 mo. ago. Oil&Gas-Cdn Exp&Prod (107 companies) is at 173, a slip from 170 last Friday, but up from 195 3 mo. ago. Oil&Gas-Refining/Mkting (40 companies) is at 171, was 175 last Friday, but a slide from 149 3 mo. ago. Utility-Gas distribution (51 companies) is at 165, 164 last Friday, a precipitous slide from 129 3 mo. ago. Oil&Gas-Field Services (43 companies) is at 162, a sharp decline from 149 just last Friday, but up from 173 3 mo. ago. Oil&Gas-US Explo&Prod (128 companies) is at 159, 158 last Friday, up from 174 3 mo. ago. Oil&Gas-Prod/Pipeline (23 companies) is at 149, 145 last Friday, up from 155 3 mo. ago. Oil&Gas-Cdn Integrated (8 companies) is at 147, up from 161 just last Friday, and up a bunch from 192 3 mo. ago. Oil&Gas-Machinery/Equip (25 companies) is at 136, up from 142 last Friday, and up a bunch from the 181 spot 3 mo. ago. Oil&Gas-Intl Integrated (5 companies) is at 121, up from 129 last Friday, and up from 156 3 mo. ago.