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Gold/Mining/Energy : NE, Noble Drilling

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To: mph who wrote (161)1/22/1998 4:53:00 PM
From: Jack Be Quick  Read Replies (2) of 301
 
In addition to SLB missing (citing industry wide concerns about Asia), and DO missing (citing co. specific problems w/ regulatory survey required rig downtime), crude oil prices tanked bigtime on the news of mounting U.S. inventory levels.
>>OTOH, perhaps these stocks are affected by the disclosures about the president's affair. They are DRILLING stocks, after all. (GGGG) mph<< Au contraire! This news should have been positive for the sector, since it indicates that the rising demand for drilling services has not tapered off<g>.
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