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: SliderOnTheBlack who wrote (47026)	6/29/1999 4:36:00 PM
From: BigBull	Read Replies (1) of 95453

Slider, EOG ceo Papa is predicting a shortage in gas come this winter. biz.yahoo.com Imo, this guy was incredibly smart in NOT slashing his OS capex budget and getting his OS at dirt cheap trough prices going out three years. While I realize that the majors have slashed their costs, they still HAVE to drill at some time. I mean what are they going to do? Become futures traders? <g> Use their refineries to make spam and cheeze wiz? <g> Sooner or later the directors and stock holders are going to start asking "Where did all our Oil go?" Loaded with cash, what the hell else is an oil company going to do? DRILL! If Papa is right, a substantial pickup for drilling gas should start within the next few months while the weather is still good in the northern climes, and GOM, as others begin to see what Papa sees. JMVVHO You raise some very interesting points in your post. I'd like to address them in small chunks as I mull them over in the next couple of days.

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