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: Susan Saline who wrote (23222)6/1/1998 11:55:00 PM
From: pz  Read Replies (2) of 95453
 
Sue,

I know this is an unpleasant thought, but one that must surely be considered. We are all for the most part assuming that OPEC is going to cut production at their next meeting at the end of this month. What if OPEC decides to do nothing and let oil prices come back on their own when the glut is used up? In this scenario we just thought we saw low prices on our beloved oil service stocks.

What amazes me is that there aren't more mergers and takeovers at these low prices.

Locally the oil business has gone from boom to bust in 6 months....this is really sickening.

Paul
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