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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Jags who wrote (1364)	3/4/1999 12:28:00 PM
From: Henry Volquardsen	Respond to of 3536

oil service stocks are ok but don't have the type of leverage I am looking for on this particular play. I am looking more at companies that have reserves that will look cheap if prices recover. Solid junior explorations and smaller producers. An example would be TMR. Good properties and exploration capabilities. A little high on the debt leverage but this should provide more oomph if oil prices should have an extended rally. I believe Shell owns a large stake in TMR. It was in exchange for properties TMR acquired from Shell. I haven't bought any yet but the levels are enticing.