Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alias Shrugged who wrote (5127)	12/14/1997 6:53:00 PM
From: Broken_Clock	Read Replies (1) of 95453

Mike...Please explain how that will work... <<...demand not only stops growing but actually decreases in SE Asia due to lower economic activity and the negative impact of currency.>> It seems that everything I read says the opposite. Devalued currencies equate to lower production costs therefore competitive advantages over countries where currencies haven't devalued. This increases the countries'(devalued currency countries) economic activity because of pricing advantage. Therefore the fallout in the tech sector, which has to lower costs to compete with products from Asia as well as lower prices to sell products in Asia, etc. How does this impact drillers(except as a side effect from overall market turmoil)? Sidelight on Canadian Stocks: Canadian dollar getting weaker against US dollar...therefore canadian profits erode simply on exchange rate when converted back to US dollars upon sale.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next