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 (48547)	7/29/1999 10:18:00 AM
From: Think4Yourself	Read Replies (4) of 95453

I am not going to touch any of the drillers or service companies for at least 1 quarter. If the price of oil keeps rising, OPEC members will start breaking ranks and increasing production. The reduction in supply is not being caused by an inability to produce, thus the need for new wells is not real at this time. Would be interested in hearing someone argue the case for drillers and/or service companies over the E&P's. I see dollar signs for the E&P's every time I look at the futures prices (and every time I walk outside).

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