Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 689.10

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Jan 23 4:00 PM EST

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To: yard_man who wrote (95825)	8/23/2017 12:50:52 PM
From: robert b furman	Read Replies (1) of 222362

I like how Macd has turned up. I think the recent consolidation of the deep water drillers is an indication that deep water projects will be resuming albeit at much lower day rates. This will no doubt reduce margins within the services group as well. A resumption vs shutdown is a significant improvement. Oil services will also consolidate and become rightsized. Let's hope it happens faster than the semi's took (15 years). Bob

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