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: pz who wrote (5555)	12/18/1997 12:49:00 AM
From: Lee Fredrickson	Read Replies (1) of 95453

Paul; "If a slowdown does occur the land drillers will be hit first and deepwater gulf will be last." Why is this so? Longer contracts offshore? Smaller chance of large field discoveries? Or...? Also, why GOM last? Big hits off west Africa, China's Bohai Bay lately... Am long FLC and GW to try to cover both aspects and always felt that the 'beach boys' would lag (but still participate in) this year's offshore gains. Am in for longer run, not trading. (As patience allows.) Thanks for any response. Lee

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