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: Flan who wrote (15361)	3/18/1998 4:57:00 PM
From: Lucretius	Read Replies (1) of 95453

I don't think we're tredning lower. I'm just saying even if oil stabilizes around $17, after the short covering and euphoria about the rise in crude is over, the new big fear will be "will dayrates decrease anyway???" While this is not true, the mkt is likely to keep us in a trading range until the drillers report another blowout qtr, and show no signs of weakness. -Lucretius

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