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


To: Q. who wrote (34683)1/10/1999 1:35:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
Gretchen M has a bullish article on oil in today's NYT



To: Q. who wrote (34683)1/10/1999 5:43:00 PM
From: upanddown  Respond to of 95453
 
John

The XLE is mainly a play on Big Oil with XON RD MOB accounting for close to 50%. There are 33 energy companies in the index but the huge market caps of the oil majors mean domination by Big Oil. My best guess on OS would be maybe 10%. I still think it is worth looking at since the big boys will also recover with rising oil prices and they have considerably less volatility and also pay dividends.

John