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 (8661)	1/18/1998 3:45:00 AM
From: Dwight E. Karlsen	Read Replies (1) of 95453

Well..your 2 cents is always welcome Erwin. re The price of oil isn't a main driver for drillers Actually it is, according to the 10-Q filed by at least one driller, MDCO: sec.yahoo.com November 14, 1997 MARINE DRILLING COMPANIES INC (MDCO) Quarterly Report (SEC form 10-Q) MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FORWARD-LOOKING STATEMENTS "Important factors and risks that could cause actual results to differ materially from those referred to in the forward-looking statements include [i thru xv, or 1 thru 15 factors and risks. Note that the price of oil and gas is numero uno] (i) one or more prolonged reductions in oil or gas prices;"

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