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 (51088)	9/14/1999 11:53:00 AM
From: The Ox	Read Replies (2) of 95453

Hi Slider, I'm a little surprised that you and SSB take such a dim view of the Oil Services market with $23+oil prices. The market needs to be forward looking and we all know that the industry has been pretty lousy during 1999. We've seen rig counts increase substantially. We've seen capex increasing pretty much across the board. I think SSB just doesn't have enough of these issues in the coffers, so they downgrade the sector. Cause the selling by making the downgrade announcement and buy from all the chicken littles. JMO, Michael - loading up for the long haul ( a few years out! )

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