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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (47535)7/8/1999 8:08:00 AM
From: Crimson Ghost  Read Replies (1) of 95453
 
Big Bull:

I agree that this combination of high oil prices, low dayrates and depressed OS outlays will not last long. That is why those waitng for a big drop in the OSX before buying are likely to be disappointed. OSX will not see the 60s again unless crude takes a big hit. Even the low 70s may be a stretch in this environment.
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