hi,
Thanks for those 21 oilfield services stocks.
It is quite helpful.
Once any concern pop out, there is a money making opp. Otherwise,
how can we get the price so attrative. Last time, I get RDC($18),
VRC(23), ESV(23), CDG(22), BJS(42),.. etc at dip.
As long as the following fundamental won't change, I won't exit and
keep buying at low.
1) adv tech keep lower cost of finding and drilling oil.
- their cost less $4/bbl, they make huge $$$ even below $14/bbl.
2) lower and stable oil price
- affordable even poor, no energy cost concern
3) worldwide energy demand surging
- especial China, India ( by 2000, their needs > USA)
- Asia currency crisis won't stop them use more energy.
4) limited supply of rigs.
- demand results the shorage, not shorage results the demand.
- need extra 45 deep-water rigs to meet the demands.
nice investing
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