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 (22055)	5/14/1998 11:36:00 PM
From: pz	Read Replies (1) of 95453

It sure appears by all the news lately that there will likely be an OPEC cut within the next 4 or 5 weeks, when OPEC meets in Vienna. Higher prices should equal higher stock prices for our oil service stocks. I just can't see any negatives out there for this sector, providing the market doesn't crash of course. In our local area of central Texas the land drillers continue to suffer because of lack of work. The land drillers will likely have a tough time until the fourth quarter, when drilling seasonally picks up. Regards, Paul

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