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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (5819)	1/21/1999 12:39:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78751

"Is the oil patch a good place to look for value?" Of course the oil patch is a good place to look for value. Why would you even ask such a question when your bio says you have 20 years experience and are a full-time investor? Why wouldn't you think that with the oil sector down for maybe 6 straight months, that people on a value thread would already be diligently looking for opportunities? Many such possibilities have already been posted here. Senior

To: Robert Douglas who wrote (5819)	1/21/1999 1:33:00 PM
From: Wallace Rivers	Respond to of 78751

Robert, IMHO, yes. They are now throwing all the bad news they can possibly throw at these stocks, and the stocks are going up - witness Smith International and Halliburton, among others, recently. That was not the case 2-6 months back. Today SLB gave a cautionary forward look, and the stock is up about a buck and the OSX (oil services index) is up in an overall down day. There is a great thread (strictly drilling and oil field services) on SI. I know there is someone else on the thread who is long YPF; I think it is particularly attractive especially given the purported $38 offer out there for the government stake. FWIW, I went long one small and one large cap in the OFS sector earlier this month - GLBL and SLB.