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: Thean who wrote (7755)	1/12/1998 8:36:00 PM
From: The Perfect Hedge	Read Replies (2) of 95453

I didn't want to post this before but doesn't seen valid now. I talked to a buddy of mine(2 weeks ago) who lives in Houston and is close the oil bidness.He has worked in the biz since the 80's and is close to all the co's we talk about.He said: 1-No slowdown anywhere,just growth. 2-Slb and FGII can't hire enouugh qualified people to fill the demand. 3-price of oil and price of these stocks have no correlation.As long as their is demand these co's will be making serious $. 4-he thought prices as of 2 weeks ago were great buys and he thought the big boys were starting to buy again. I really trust this guy's views.a smart,wealthy individual that's been around and still sees what's going on but that doesn't seem to matter. Just thought I'd share what I know.. GD

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