Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: marc chatman who wrote (12200)	2/19/1998 11:19:00 PM
From: Czechsinthemail	Read Replies (1) of 95453

marc, An OPEC agreement to cut production and support crude prices would be bullish for virtually all the oil services and drilling companies unless it resulted in significant cutbacks in oil consumption. The reason is that it would improve the visible economics of drilling projects. Probably the companies that would benefit the most would be land drillers. If prices go high enough to warrant drilling cutbacks (unlikely), the same companies that will do best with low-priced oil will do well with high-priced oil -- the deep drillers with the heaviest concentrations in floating rigs. Baird

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next