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: Second_Titan who wrote (81210)	12/9/2000 11:35:17 PM
From: excardog	Read Replies (1) of 95453

FWIW department: Seems the drillers garnered some attention late last week late. Probably due to the drop in oil being perceived as better for both oil and the economy. Now if we can hold around $25ish we just might see a run. It seems obvious gas won't hold present levels but at this price point the unhedged producers are generating an enormous amount of free cash flow. Rotten balance sheets beware. One company I follow closely EPEX could lock in the first 3 months of 2001 and do roughly 2/3 yearly revenues in that quarter. CEO must have a pretty wide grin. Wouldn't you love to own a product that tripled in selling price with out increasing the cost to produce. Wild Scott

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