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: marc chatman who wrote (14768)	3/13/1998 4:36:00 PM
From: The Perfect Hedge	Read Replies (2) of 95453

Marc- I think you're right.I'm sitting on the sidelines now and just looking at the activity on the drillers,it seems hopeless right now.I don't think 98 will see much of a rebound for these guys.Oil is forecasted to stay in this price range for a while and you know what that means....Remember what the ceo of Rowan said on CNBC just 2 months ago...If oil falls below 15 and stays there for 60 days then we're in trouble.....He said it and it's happening?Why play these stocks right now?I really think these stocks are about to fall off a cliff.. GD

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