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: Erwin who wrote (6033)	12/23/1997 5:48:00 PM
From: Czechsinthemail	Read Replies (1) of 95453

Disappointing to see the Briefing.com downgrade, although they chalk it up primarily to bearish sentiment. I suspect that once things begin to recover, they will upgrade it again based on the strong fundamentals. Also, I suspect the recovery on the drillers, particularly offshore, may be stronger than for the oilfield services companies. Their forecasted earnings growth is higher and the shortages on drilling rigs that won't soon be balanced gives better long term visibility. Though it feels terrible to be going through the dropoff, this is what bottoms feel like--when everyone starts throwing in the towel and rationalizing the decline. Good luck in holding on or shifting to other companies for the ride back up. Baird

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