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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Chas who wrote (20583)4/28/1998 1:19:00 AM
From: Douglas V. Fant  Read Replies (1) of 95453
 
Chas, Methinks the reports of the death of the oilfield service sector are greatly exaggerated. If the market moves downward, it will be a heavy load to handle, but in any case the service sector will outperform IMO, just like Huskies breaking the runners free in an ice-bound sled @ Prudhoe Bay... Which is along-winded Texaway of saying you may not make money doubling up on RIG short-term, but ya'll won't be hurt either pahdner...

Sincerely,

Doug F.

PS. Weird Fact #6: At Prudhoe Bay in the wintertime, the Field Operators start the field trucks and then run them in the sheds 24 hours/day all winter long, idling, so they can take them out whenever necessary... Also when you try and take a leak @ 30 degrees below zero, well, you smoke....
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