Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Think4Yourself who wrote (54139)	11/6/1999 10:42:00 AM
From: BigBull	Read Replies (1) of 95453

JQP, I believe George was saying that Wall Street analysts had scaled down their estimates of Capex, not that there was to be NO increase in Capex. This in in turn has negatively impacted investor perceptions - for the moment. We won't know for sure until they actually do announce their plans. Clearly the North Sea is weak. Brazil is strong. Shallow GOM is strong. West Africa may get strong If that article I posted on Sonangol turns out to be true. Angola and Brazil are both deep. The state oil industries of both nations are involved in jv's with the majors. While I am not exactly sure how these jv's work it would seem to me that the major may not have to shoulder huge initial start up costs that they have in the past. It does not mean that the money will not be spent. If you or any one else thinks this is incorrect, please post your reasons why. It will be interesting to read ODB in the upcoming week. How about it Big? How about an issue on upcoming deepwater capex? Just 1 humble 'pescriber asking, but it would seem to be a pressing concern in the investment community.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next