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: James Cherney who wrote (47792)	7/12/1999 11:53:00 AM
From: John Carpenter	Read Replies (3) of 95453

Down the road, we'll all be dead. Most of the time, the drilling business sucks. We get very brief up turns like '97, but that's the exception, not the rule. These stocks get stuck in trading ranges for years. If you're nimble and can catch the narrow trading ranges, great- otherwise... The balance of power is still with the integrated, major oil companies. They're being extremely slow and cautious in increasing their budgets. That's why the price move in the drillers hasn't reflected the rise in crude, but the integrated oil companies are near their highs. Yeah, maybe there's a lag time for the drillers. But, it's a long wait and life is short.

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