Its a weird market. Normally oil stocks would explode at these prices, but theyre not. Most smaller gold stocks are way down even though gold is in the $900 to $1000 range. The best we can say is strong oil stocks have held their ground in a big bear market. It might be worth looking at it in another way. If oils stocks go up say ten or twenty percent, when everything else near halves, and you are in oil stocks, as author has been for a long time, maybe thats a bit of a win, because what you can get for the oilers if you sell a few, is so much more in terms of what it will buy in other stocks. They all return to fair value sooner or later. Look better than money in the bank at the moment. They can print money till the presses collapse, but they cant make oil out of thin air. Well you can almost, but that's another story...not telling.
