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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: jbe who wrote (17039)3/29/1998 7:06:00 PM
From: Tulvio Durand  Read Replies (1) of 95453
 
jbe, you sure have underscored, at least for me, the real difference between cash flow and FREE cash flow, and am somewhat taken back by your assessment, ... although almost all of the drillers/oil service companies in it have great cash flows, most have negative FREE cash flows (because they are building -- perhaps too many -- new rigs). -- sort of like living in the house built with cards. Gamblers are us? Tulvio
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