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: Teddy who wrote (7932)	1/13/1998 9:15:00 PM
From: The Perfect Hedge	Read Replies (2) of 95453

In case you guys forgot,SLB reports tomorrow.Now on the topic of oil prices affecting us-from the Yahoo board: <<Subj: Crude oil prices and FLC By: IBC123 Date: Jan 13 1998 4:42 P.M PST Reply To: Msg. 164 by InTheBlack71 I talked with investor relations and asked them if the recent drop in crude oil has had ANY effect on their business. I received an immediate and emphatic "NO". Crude oil prices would have to decline further AND STAY THERE FOR AN EXTENDED PERIOD OF TIME! As long as oil is high enough for the oil producers to make a profit, they will need to drill for oil. Whether oil climbs back to $26 or stays at $16, drilling will continue. Although I have to admit these low oil prices has me worried. Hopefully the price stabilizes here. << I'm tellin you....CALL YOUR LOCAL DRILLER AND TELL'EM THEY NEED TO CLEAR THIS PRICE OF OIL THING UP.I swear I don't think alot of people know the story.GD

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