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Gold/Mining/Energy : Nabors Industries(NBR)

NBR 51.35

-0.5%

3:56 PM EST

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To: Char who wrote (28)	3/19/1998 5:46:00 PM
From: Ken	Read Replies (1) of 174

Dave, I've been up in Ok. while there I mentioned your response to a couple of guys that are pretty high in a large drilling Co. They agreed with your assessment 100% and even went on further in saying that 10 years is a pretty conservative range. They believe that it will be faster as 1 of them just got back from China and said that they are really trying to get things moving faster than what everyone believes that they can. He said that they have a taste of free enterprise now, and that they also have a taste of what money can achieve. So as most of them are highly educated they will be able to move into the world markets faster than most countries that are trying can. Hey, the stocks are coming back up, but I think that it will be short lived as they are going to go back down a little more. There are being to many rigs stacked right now. But from what I have heard, by the end of the year everyone will not be able to find hands and all the rigs will be working again.. Hope this is true

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