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Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: Robert T. Quasius who wrote (1684)2/7/1999 9:03:00 AM
From: shust  Read Replies (2) | Respond to of 2005
 
The block trade friday was 6 million shares sold by Merryl Lynch. Merryl has a new fund manager who is dumping all oil drillers. They have sold 10 million shares of ESV already and have 8 million to go. It was nice to see the stock price still go up on Friday with this happening.

shust



To: Robert T. Quasius who wrote (1684)2/7/1999 2:33:00 PM
From: Michael W. Brom  Read Replies (1) | Respond to of 2005
 
Robert,

ESV may have been undervalued at $29, but the oil prices just made matters worse. Oil is a limited commodity, and in the next century, oil stocks will be great stocks to have. Oil prices will bounce back this year some, but I expect the long-term trend to be even better.

Michael

Thank you for the link. I had never looked at the "detailed" link at quote.yahoo.com ... I will have to use that more often.


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