Nabors Industries(NBR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Nabors Industries(NBR)

NBR 51.49

-0.3%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Char who wrote (26)	3/17/1998 7:22:00 AM
From: Ken	Read Replies (1) of 174

David, I will agree with the downward fall, but I really don't think that China will have a great effect on the price in the next 10 years. OPEC can still up production to cover the rise. I believe the only way that we will see a fast upward trend, is if the is a conflict in the mid-east or another cut in production by OPEC (which is unlikely). However I believe that Oil will not drop more than another dollar, before it will start to come back up to maybe the 15-17 dollar range until next winter. Which at this price the Oil field can make money and grow at an average pace. Now said all of this, I do hope that you are right about China, I would love to see a shortage of oil to wake everyone up.. I guess you can tell that I'm in the Oil Field.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next