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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Lazlo Pierce who wrote (12888)2/26/1998 9:59:00 AM
From: Czechsinthemail  Read Replies (1) of 95453
 
While Big Oil is expected to show an average oil equivalent production growth rate of 3%-5% over the next five years, Marathon will show a 6%-7% rise, according to Nowak. It's even better over the next three years, when Nowak estimates Marathon's growth rate at 9%. "Those kind of numbers are hard to find," he says. Along with per barrel finding costs, the production growth profile is a key measuring stick for exploration and production (E&P) companies.

This sounds better than the 2% per year growth in production figure I've heard elsewhere. Builds an even stronger demand case for the drillers.

Baird
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