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


To: waverider who wrote (27152)8/5/1998 7:17:00 PM
From: Peter V  Read Replies (1) | Respond to of 95453
 
For those of us that didn't take the ride down, the oil patch looks cheap. Especially RIG, which should be insulated from the price of oil due to its long-term contracts, but has moved down with the sector. I might be premature, but this is a cyclical business, and it will cycle back up again. As always, the key is to diversify, I'm not invested solely in oil patch stocks.