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: Douglas V. Fant who wrote (50918)	9/10/1999 10:26:00 PM
From: Think4Yourself	Read Replies (1) of 95453

A CHALLENGE FOR ANY BEARS OUT THERE... With all the good news worldwide and for this industry it is easy to get euphoric over the prospects for the EnP's and, to a slightly lesser extent, the drillers and O/S companies. I for one can't think of a single bearish argument that is clearly supported by facts while I can think of a half dozen macro trends off the top of my head: Energy in general 1. Rising world demand 2. Falling world supply 3. rising rig counts 4. Rising prices 5. La Nina expected to bring a more "normal" winter Gasoline 6. Increasing popularity of gas guzzling tanks NG: 7. EPA regulations creating new market for NG (electricity generation) Can anyone come up with some negative trends to help this "hypester" come back to earth?

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