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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BERNARDO ABEND who wrote (15035)3/17/1998 12:24:00 PM
From: Daniel M. Whipple  Read Replies (1) of 95453
 
Bernardo,
It will take a lot more than increasing production 10-15% to make up for lost revenue. The total revenues received will fall faster than the increase in production. Someone is going to cry "UNCLE" as soon as reality sets in. The Saudis for one were having financial problems at $18.
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