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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (91330)6/10/2001 3:04:16 AM
From: Douglas V. Fant  Read Replies (2) of 95453
 
Slider, I believe that the oil & gas companies think higher prices are here to stay for a while, rightly or wrongly.

A good counter indicator?

For e.g., my friend who is a manager at a major service company noted to me tonight that onshore rig rates have moved into the $12,000/day for shallow and moderate depth rigs, and $25,000/day (!) for the Helmerich & Payne types of deep drill rigs....
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