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: Big Dog who wrote (13890)	3/5/1998 9:29:00 PM
From: Thean	Read Replies (1) of 95453

With all these new builds, Will the market begin to focus on overcapacity once again after this run-up? A strong bet. Last year I'm sure you remembered, Tidewater ordered a few new boats and all the oil service companies, everybody included, lost about 15% in two days because of this fear of over-capacity. Of course everybody has corrected down to a level where a 15% correction become unbelievable but if we continue this rally and when the annoucments come I'd look traders to use that as excuse for corrections. And then you can bet CNBC will hype this thing for an entire evening.

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