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


To: A. Geiche who wrote (35446)1/20/1999 2:17:00 PM
From: MARK BARGER  Read Replies (1) | Respond to of 95453
 
The bad news is that business sucks right now in the oil patch. The good news is that the gloomy forecast at the hyperlink a couple of posts back only forecasts for these stocks to double in the next year or 2. Clearly the oil patch is a contrarian long term play.

I still contend that someday, who the hell knows when, reality will set in with this market, and business fundamentals will actually start to matter again. Slider, I don't know about you but I'm sick of buying these dips. This has to be verrrry close to the bottom. These stocks have been beaten into submission. Sometime in '99 it will once again be "cool" to own the 'patch. Until then....

Mark