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: Lucretius who wrote (21124)	5/2/1998 12:28:00 PM
From: waverider	Read Replies (1) of 95453

Luc, I don't agree with you, but you have made a very good argument and have supported your view with a very comprehensive list. Thanks for taking the energy to do that. In term of declining earnings...do you find this across the board or only for certain sectors? That's a fundamental thing and I can understand. I still take an exception to the cash level thing. It doesn't take into account the huge amount coming in every month compared to the past and the huge amount still sitting there in real terms. 5% cash levels means a lot more money now than it did 10 years ago. <H>

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