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 (55658)	11/30/1999 10:07:00 AM
From: Terry D	Read Replies (1) of 95453

Nice post (except for the last little bit) - it is basic. Recovering demand and declining supply will drive inventory levels to dangerously low levels - maybe as soon as June. Oil and gas operators have had 20 years of oilfield service and product costs at levels with low to no profitability for the suppliers. Operators economies have benefited during this period. After 20 years of terrible market conditions, these suppliers are lean, mean and stripped for action. They may be able to leverage the improved pricing power over the coming 2 years. So I will stay the downsized, toughened oilfield services and products suppliers. Like Smith in the 30's. PS _ It is cold in NYC - and looks to stay that way for a couple days. AT LAST.

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