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: Thean who wrote (13926)	3/6/1998 11:09:00 AM
From: bw	Read Replies (1) of 95453

Thean..Are you buying more FLC in order to win the race with LT? That's unfair <g> I jumped off the Glomar into the seas at 25 1/4...Things are looking too tenuous around the patch. It's inevitable that we will see some lowering of day-rates coming up for the offshore drillers. I remember Luig stating that $15 oil for 2-3 months will have an impact on the drillers. That scenario is being played-out now, with the summer driving season still 4 months out...I see some more buying opportunities on the horizon, and don't want to be sitting on losses in the meantime.

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