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: The Perfect Hedge who wrote (3938)	11/28/1997 12:47:00 PM
From: bw	Read Replies (1) of 95453

How does everyone feel the drillers will be effected should OPEC raise quotas that precipitate a $2 price drop? I know that we are reasonably sound down to a $16-$17pb, but the short-term shock of such events could in my mind do some further damage to the sector...Monday will be a good indicator of short term trends, and I will be back once any bad news is absorbed into the market. Still totally bullish on these stocks, but twice bitten, thrice shy [thought I'd throw a 2x factor on the bitten side of the equation!]

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