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

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To: Czechsinthemail who wrote (12935)2/26/1998 12:22:00 PM
From: marc chatman  Read Replies (2) of 95453
 
CNBC segment now hyping the merger game in oil service sector. The reporter's sources tell him there are now over 100 players in the sector and that they expect less than 50 in a couple of years. Of course, the reporter also is saying that oil companies have cut down on exploration expenditures because of the glut of oil. All in all a pretty lame segment.
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