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: Czechsinthemail who wrote (13724)	3/5/1998 12:16:00 PM
From: Thean	Read Replies (3) of 95453

Baird, I don't think the market is counting on the rebound in oil price to fuel the current rally. Rather is it the speculation of more merger, linkup, buyout among the players (thus MDCO and ATW especially). The deepwater got the boost from the pending GOM leasesales IMO and as you are fully aware their strong fundamentals. I would not worry about the non-participation of the land drillers. Oil is $15.45 now. Stable.

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