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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Gottfried who wrote (59457)1/31/2000 10:33:00 PM
From: BigBull  Read Replies (3) of 95453
 
Gottfried: The answer is in this quote from the very BHI page you posted.

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"Seasonal spending patterns also impact oil and gas drilling. In the US drilling usually falls in the first quarter of each year to a reach a low between March and May. The rig count rises throughout the year and peaks in December. This reflects company budgeting and spending cycles and year end rushes to meet drilling commitments before leases expire. In recent years the seasonal fluctuation has had less of an impact on the rig count."

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I'm just guessing but, I bet they trough before March this year.
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