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: drsvelte who wrote (18797)	4/12/1998 7:06:00 PM
From: Challo Jeregy	Read Replies (1) of 95453

Barron's interview w/ Mike Rouzee (broker who is leaving the bidness) Decidedly negative interview on the market as a whole, but still sees value in oil/gas. Can't copy for quotes, but says "... people who think the decline in drilling activity ... is going to get worse is wrong. Demand for rigs is going to be better two years from now than it is now. It may not be better next year. But rigs are back to to selling for book value -- and you can't replace them for anything close to that price." Goes on to say he likes Seagull Energy, Oryx Energy, and Kelley Oil & Gas. see interview @ interactive.wsj.com

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