Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (1295)	1/23/1998 2:52:00 PM
From: Fernando Saldanha	Read Replies (1) of 18691

Roger, all of the oil drilling companies, like ESV, GLM, PKD, RIG, etc. will soar if there is an oil shock. There is no need to be picky. There are very few offshore platforms under construction right now, and the rental prices for existing platforms are soaring. Given the lag to build new platforms these companies would have at least two outstanding years in case there is an oil shock. By the way, they had a very profitable 97. They are going down now because with low oil prices people believe rental prices will fall. Best regards.

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