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Strategies & Market Trends : Value Investing
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To: jeffbas who wrote (3489)3/10/1998 8:07:00 AM
From: Wallace Rivers  Read Replies (2) of 78535
 
What I've heard is that when crude drops below $16/barrel (obviously which it has), then the exploration and production companies will not pay as much for rigs and the services companies such as TMAR, HMAR, NSS, MAVK, PDS, and others provide.
That being said, sooner or later the charts on all of these companies will bottom. When that is, your guess is as good as mine.
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