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: Big Dog who wrote (4861)	12/11/1997 4:40:00 PM
From: Chuzzlewit	Read Replies (2) of 95453

Mike, I'm not a strict buy and hold kind of guy for a couple of reasons. With respect to the oil patch, right now we've got an supply/demand imbalance for rigs. This imbalance depends upon a number of factors including the number of rigs available, the number being built, the price of oil, etc. A significant deterioration of any of these fundamentals would make me want to exit this group, so I follow the news and the opinions of those of you who know and understand the oil services sector. I know very little about this business, so I depend on you and others to keep me honest. Anyway, I enjoy all this bonding. Kinda like crossing streams when we were kids (my apologies to the ladies). Regards, Paul

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