From: Bill Lucy 

In article , email{at}from_Gary_Britt.org says...
> If the entire market of all funds and analysts, etc. collectively thought
> the oil companies were extra profitable then they collectively would be
> buying sufficient amounts of oil company stocks to bid up their share prices
> sufficiently to cause their price earnings ratios to rise above the norm for
> most companies, which hasn't happened.

Yeah, those 80% annualized returns in the 3rd quarter weren't much of an indicator.



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