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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: diana g who wrote (47338)7/4/1999 3:21:00 PM
From: upanddown  Read Replies (2) of 95453
 
Diana

Definitely agree with you on those little E&P's. Best to stay within your comfort zone. They are too illiquid and subject to manipulation. They may have a golden future but their history of profitability even in good times is very shaky. I'am one of those stubborn types who still thinks the future is in the deepwater. Interesting note in this week's ODS rig count.
offshore-data.com
Flat offshore utilization may be due to increased interest in floaters and declining interest in jackups. I think these mega-majors are going to be interested in bigger plays than can be found in the shallow water.

OT re Blues Brothers..you are right, Ms. Smarty...Only Joliet Jake did the hard time..Elwood put in his time in the Cook County Jail. Thanks for not pointing out my other mistake...that Al was a pillar of the community in Cicero and not Joliet.<ggg>

Best,
John
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