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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Shane Venem who wrote (2384)10/21/1997 10:35:00 PM
From: drsvelte  Read Replies (1) of 95453
 
Shane:

There is a shortage of pipe -- unfortunately apparently that is the source of the problem. Delivery lead times are long and the drillers are impatient. They want the market open to Chinese (and I think Russian) suppliers via reduced tariffs. Clearly, LSS, MAVK, NSS would be hurt if this were to occur and that is the source of uncertainty in the market (IMHO anyway).

I am long in LSS -- got in after it tumbled about 10, thought I made a stellar play. Down two since -- go figure!!

drsvelte
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