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Politics : High Tolerance Plasticity
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To: chowder who wrote (4258)5/7/2001 5:16:59 PM
From: Second_Titan   of 23153
 
I know it is rather a bummer. I think the next catalyst will be oil drilling focused, but NG drilling will be strong but not the driver for OSX. The OSX is pretty fairly valued here today and I tend to think NG focused land drillers like NBR may have seen peak valuations.

Before another major leg based on oil I think we would need to see:

Clearer indication that the global economy is not going to tank oil demand

drilling activity transfer from NG to oil

stock levels stabilized
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