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Re: sharkattack post# 78331

Tuesday, 09/16/2008 11:10:28 AM

Tuesday, September 16, 2008 11:10:28 AM

Post# of 107353
The analyst view that I remember was that crude above $70/bbl is the benchmark for continued bullish mid-long term for oil sector.

I don't remember what time frame your question or the responses were addressing.

So, while the sector rotation has cut a broad swath in the energy businesses, it still has little impact on the longer term fundamentals for DDI. Capex estimates in 2008-2012 remain strong especially in deep oil where DDI focus is.

Stock message board sentiment is never a good substitute for trusting either experience analysts or your own evaluation of market trends on the timeframe that best matches your trading/investment horizon.

It seems a bit rough lately.


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