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

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To: PartyTime who wrote (14201)3/9/1998 9:55:00 PM
From: GlobalMarine  Read Replies (2) of 95453
 
Nothing cures low prices like low prices (e.g. everyone's driving around in gas-guzzling sport utility vehicles now). This industry is cyclical like everything else, and worldwide reserve replacements paint a bullish picture in the years ahead. Long term, I think the offshore SCORE rate will eventually get to 100% across jackups, semis and drillships, but we've hit a major speed bump with Asia in the interim.
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