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: Think4Yourself who wrote (81844)	12/15/2000 2:56:50 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

There is NO shortage of land rigs; anyone here "really" know how many Rigs NBR has yet to bring to market out of curiosity ? ... what are you guys smoking ? And in offshore; check out RIG/FLC's utilization; Worldwide; see all those semisub's still available ? ... and many of them will be brought to market & will be drilling soon. That's why - we should be waving adios~ to the E&P's & rotating to the drillers & co's benefiting from that increased drilling activity. Increased drilling activity; especially into the shoulder season and into a slowing US Economy will do "what" to commodity prices ? and "doing what" to economy prices will do "what" to E&P shareprices ? Increased drilling activity means higher dayrates & earnings for drillers....means higher expenses for the E&P's. So "who" do you really want to be selling/profit taking here and "who" do you really want to be owning/buying on dips going forward ? ... can you say - no brainer ? Can you say - sector rotation forward down the cycle ? Hello ?

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