Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: William L. Oppenheim who wrote (13654)	3/5/1998 12:15:00 AM
From: Erwin	Read Replies (2) of 95453

Bill, <<Generally, the lower the price of oil, the lower the day rates drillers can command for their services>> <What nonsense. If they want to drill at all, they will have to pay the going rate--and this depends on the total rigs available for leasing, and what others are will to let them go for, not the underlying price of oil.> I agree with you. This is the wisdom of Barrons - not mine. When I read articles like this in an publication like Barrons it makes me wonder if there are short interests behind the articles. The whole thing reminds me of someone grabbing at straws to save their ass. Erwin

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