From: Bill Lucy 

In article , bobcomer_removeme{at}mindspring.com says...
> > Retirement systems invest for safety and not so much growth, and managed
> > funds aren't buying oil stocks today.
>
> One of my 401K funds top investment is Exxon and Chevron is in the top 10.

I got a little curious about whether oil company stocks are a buy after
replying to Gary in this thread. So I called a friend at a large
institutional investor. He gave me some interesting data from 3rd quarter
(much of what he's looking at lately).

It seems that energy stocks are good buys these days. Exxon Mobile had a
>13% 3rd quarter increase (note: not annual, quarter). Chevron and BP
limped in at 13.6% and 19.8% respectively. Royal Dutch Shell is a strong
buy according to him.

With reports that per bbl pricing staying above $50, he believes that many
institutional investors will put more money into these companies.

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