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: Alias Shrugged who wrote (3704)	11/24/1997 7:32:00 PM
From: 18acastra	Read Replies (1) of 95453

Agree. Great points. Over long run, fundamentals great for oil/natural gas. Lots of holes need to go into ground. Decline rates high, bubble burned off from 10 years of underinvestment. Many industries consolidated. High degree of operating leverage.

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