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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (2589)	12/25/1998 7:58:00 PM
From: Boca_PETE	Respond to of 15132

Kirk: re:< I wonder if Oil & gas is an out of favor buy? > Thanks for the heads up on the valuation book. If following that advice leads to the impressive returns you've posted at your homepage, it's got to be worthwhile reading. With the PACRIM, Japan and RUSSIA economies in deep recession and Brazil possibly falling into recession in the near term as part of the IMF bailout terms, it should take some time for lost demand for energy to be restored. Compounding this challenge, there's currently over 13 months of oil inventories to be worked off - it took some time to build up these inventories. Thus, I'm afraid the multi-national oil companies will be operating in a low price environment for some time. Guess what that implies for investments in the majors. Yes Patience even greater than that needed for investment in UTEK shares :-) Unless you're lucky enough to guess the next mega merger. P