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: bw who wrote (16131)	3/23/1998 2:07:00 PM
From: Chuzzlewit	Read Replies (1) of 95453

What I'm hoping for more than anything else is a shift in the way the market thinks about the sector. If it would only focus less on the price of oil (not that I'm complaining, understand) and more on the fundamental drivers of this industry I'd be a much happier camper. What happened with OPEC will probably not add to the profits of our companies (with the possible exception of the land drillers), because I don't see this as increasing the exploration budgets. Those will go up as reserves fall. Anyway, let's all enjoy the moment, and hope it lasts for some time. Regards, Paul

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