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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Czechsinthemail who wrote (17105)3/29/1998 7:48:00 PM
From: Tulvio Durand  Read Replies (1) of 95453
 
Baird, the problem with microchips -- too much production capacity. The problem with oil -- too many rigs. FGII is vulnerable to drillers' negative FREE cash flow (see jbe post) if and when drillers are forced to show their cash before they can get more financing. Message 3875856 Tulvio
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