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: Telemarker who wrote (81734)	12/14/2000 4:45:09 PM
From: Think4Yourself	Read Replies (1) of 95453

OK, maybe "crappy managements" is a strong term. Let's just say these "leaders of companies" don't appear to understand the cyclicity of their own industry very well. The truly crappy managements are mostly gone, either through bankruptcy or forced merger. Still have to ask why these guys didn't close out their hedges earlier this year. Quite a few companies did. Everyone on this thread recognized back in March that what is happening now was inevitable.

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