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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Big Dog who wrote (17044)3/29/1998 7:32:00 PM
From: Czechsinthemail  Read Replies (1) of 95453
 
Big Dog,
If your idea is correct and the drilling companies can look down the road and see another overbuild coming, presumably they will try to apply the brakes and pay off debt so that they can be flush with cash at the time of the cycle top. I would assume that this process would impact builders like FGII the most. As near as I can tell, there isn't an enormous amount of new building going on currently and the recent weakness in oil prices has diminished the likelihood that a build-fest will soon begin.
Baird
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