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


To: paul feldman who wrote (30729)10/15/1998 11:46:00 AM
From: Sunny Jim  Read Replies (2) | Respond to of 95453
 
<<Stephen Leeb calls it a buy for what thats worth>>

I've come to believe that pundits have decided that recommending oil service stocks has become a "low risk" recommendation. Nobody is listening and taking action to buy the stocks, so nobody is going to criticize you for recommending the sector. We are seeing a lot of pundits on Nightly Business Report, Wall Street Week, newsletters, etc. recommending stocks and sectors and then throwing in the oil service sector for good measure saying how undervalued it is. However, there nobody's rushing into the sector. Like someone said, investors will only start to like this sector when the prices get to twice what they are now.