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: jim_p who wrote (80446)	11/30/2000 7:39:40 PM
From: Telemarker	Read Replies (1) of 95453

Hi jim_p. The E&P who realized $30 for oil and $5 for gas certainly wasn't the case I was referring to. Take BELW and HECO as two examples. The last cycle that Slider keeps referring to seemed quite short indeed. As I recall, there was no shortage of believers and a tidal wave of capital came into the patch. The debt scars are still there to remember it by. Yet "this time it's been different", no? Too many non-believers for it to be clear to me that it's over. Too many people all too certain of the same outcome and unconcerned about the timing. That's just been my opinion up to this point. Was hoping that perhaps you could compare the long cycle from the 80s (?) to what's happened in recent years. Did attitudes remain this complacent in the early stages? Found what may be a worthwhile post on Yahoo's EPD board: messages.yahoo.com Thanks in advance for anything further you have to offer.

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