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: The Perfect Hedge who wrote (12606)	2/23/1998 3:40:00 PM
From: Lucretius	Read Replies (1) of 95453

<<<<<<<<<<<<<>>Mark this post, because I predict that before June, the drillers will be a fair amount higher than they are now.<<I'd stake my life on it they won't be higher.It's clear as day to me. GD>>>>>>>>>>>>>> Glen, you crack me up! (gg) You have to ask yourself. The mkt is aware of everything that we are aware of. So, w/ oil down TODAY $1, what has changed in the L-T picture since drillers are not tied to spot prices but rather large oil co's perception of oil prices 2 to 3 yrs out. So, Glen are you looking for sustained declining oil prices down to $10 expected for the next 10 yrs. If so, you're right the drillers won't be up. If you're wrong, we'll never see these prices again. Additionally, oil prices WILL be higher this summer from their lows during the spring. So, is this the low? We're probably close so I'd be willing to bet the drillers will be well off current prices. But hey, I'm just a peasant. I only buy L-T trends. -Lucretius

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