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: Big Dog who wrote (9323)	1/22/1998 9:04:00 PM
From: JHR	of 95453

Thanks Mike, I knew you'd clarify it. Thats sort of what I figured. Curious to me that this comes as a surprise which it was at least in the way it was interpreted. Hope FGII does get some more of that work. I jumped on them at the end of last year in my tax scrambling mode. If I understand then , this is a normal part of the business and any of the drillers would go through the same thing. If these nobel winning analysts haven't factored that in then they are all exposed to it and could impact earnings to some extent. Dont know if you caught Bob Pissani on CNBC at the 2 or 3 o‡lock hour, but he was going through the Oil Service massacre and saying he's getting some analysts now saying that Oil is going to $14 and therefore this whole sector is overpriced. I'm paraphrasing. but that was the net. I think he's anti the sector since Maria is for it and she probably makes more money than he does. Thanks again for your usual clear fundamental explanation.

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