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: Challo Jeregy who wrote (20396)	4/26/1998 1:09:00 AM
From: Douglas V. Fant	Read Replies (1) of 95453

Challo, The hat is a hilarious hat. It is from a pipeline company, black with a nice suede brim- and show a pipeline going from the State of Texas to the Moon. It says "New Frontiers in Natural Gas"- all of which is cool -except you cannot tell whether the pipeline is going into the Moon's nose- or his posterior.... Nope Stones too "light"- a heavier hard sound group-but in all seriousness gang, drillers are holding up pretty well business-wise with the slowdown in Asia. So what do you think will happen when the Asian Tigers get back on their feet which we all know will happen? If we lose a few rigs' utilization and dayrates back up a bit- I say so what. The drillers are in better financial shape now with lower operating costs due to reduced debt generally. So profits may fade a bit, but the companies will stillhold onto most of the qautum leap that they made in profitability when this cycle of drilling turned up... So how will they do when Asia kicks in again? Sincerely, Doug F.

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