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

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To: SliderOnTheBlack who wrote (56857)12/14/1999 3:26:00 PM
From: Meridian  Read Replies (1) of 95453
 
<<CapEx viewed to be disappointing>> by Lehman...that's a load of crap. If I'm Exxon and I'm trying to get a good long-term deal from SLB at low prices, I'm sure's the hell not going to go out and say my CapEx will be up 20% in 2000. What kind of a deal would I get then? Plus, what this guy's not accounting for, is that oil companies routinely SAY one thing, then if oil is at current prices, they DO another. CapEx not disappointing at 10%, it will be surprising guys like this when its up 20%.

gmbler
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