SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bazmataz who wrote (19004)4/14/1998 12:13:00 PM
From: Douglas V. Fant  Read Replies (1) of 95453
 
Bazmataz, GLM and RDC started the ballgame with base hits today. Let's see if the followup hitters can "drive them in".

I just read the Annual Report of a major integrated oil company. I noted (1) that average crude prices dropped $1.50/bbl last quarter; (2) and that natural gas price increases made up for the dollars decrease in crude oil. That is, the oil price drop, natural gas price increase was a net zero effect financially on this company (which does $50b+ business annually-no small change).

So do you think that the effect of the oil price drop on oilfield service stocks may have either been taken out of context or overestimated, or at least failed to "price in" the offsetting effect of natural gas price increases??

Sincerely,

Doug F.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News