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Strategies & Market Trends : Tech Stock Options
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To: Nancy who wrote (23028)9/15/1997 1:11:00 PM
From: Noneyet   of 58727
 
Nancy,

I really don't know much about the dynamics of the oil drilling sector, however, I believe you said that the day to day price swings in oil mean little to the drillers.

I became interested in them, and began reading some of their SEC documents, one in particular I read was NE Noble Drilling, in one of those reports it specifically mentions oil prices and how that could affect it's bottom line.

I don't know if you are referring to normal fluctuations or trends in prices, but from what it seems those reports are saying, a downward trend in prices would definitely affect day rates in the oil driller's sectors.

Best Regards,
Tom
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