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: james paterson who wrote (2914)	11/13/1997 1:33:00 PM
From: chirodoc	Read Replies (1) of 95453

<<<<< weakness in the emerging (now submerging) mkts. ........maybe ........but drillers are @ 100% right now. any decrease would be minor from what i read. .........right now the big sell-off is due to our friend saadam hussein. .........an international war in the mid-east, added to the slowness in aisa could be disastrous. .........personally i am going to bottom fish and buy a bit more drillers. .......if mid-east gets worse i will probably buy a whole lot more. ......and i agree with you, recession would hurt oils--but i am more worried about a depression. recession in brazil, HK, and ASEAN nations might not affect China, Canada, U.S., Europe, etc.

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