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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: David Spruiell who wrote (3973)11/29/1997 9:59:00 PM
From: drsvelte  Read Replies (1) of 95453
 
David:

IMHO you may be bailing a bit prematurely. Check the prior posts on this thread or the AOL O&G board. Most of those with expertise in the industry feel that oil prices down to $16 will support exploration and drilling due to technology enhancements. And from what I've read, $18 is a more likely lower bound.

But you need to do what makes you comfortable.

drsvelte
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