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: Sunny who wrote (24315)	6/19/1998 4:09:00 PM
From: Douglas V. Fant	Read Replies (3) of 95453

Sunny, We as an industry have survived numerous downturns- this one s not as bad as the 1986-7 downturn as gas prices has stayed high and oil is only down to around $11.50/bbl spot price WTI crude I believe. My guess is that the pace of acquisitions will increase here in both the energy and oilfield service industry, since most internal forecasts inthe industry are positive moving ahead... Sincerely, Doug F.

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