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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (29605)	7/10/1998 4:34:00 PM
From: Bat5454	Read Replies (1) of 132070

Michael - I've noticed quite a few folks asking about your views on the oil services / drillers lately. I've watched this sector myself for a while now, & lost a few bucks on them in the latest downturn after making a few prior to that. It would definitely be a contrarian play now - everyone seems to hate them.. The big questions seem to be: 1) Can the price of oil can stay as low as it is now (or go lower), 2) Is OPEC dead as an economic force, & 3) Have the fundamentals of the energy/service sector changed. Any ideas? Thanks - BT

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