Strictly: Drilling and oil-field services Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SliderOnTheBlack who wrote (27211)	8/6/1998 11:47:00 AM
From: The Ox	Read Replies (2) of 95453

Even though these companies have current backlogs, that can change quickly as people shelve projects. This has happened many times in the semi industry, where book to bills have dropped in a big hurry due to chip price weakness. The current backlog is not a guarantee that next quarter's backlog will be the same. I still don't believe we have hit the irrational hysteria level. The selling, though constant, has been orderly over the last few months and in response to the sustained low oil prices. The bright spot, IMO, is that within a few weeks we should get a better handle on OPEC compliance. If the producing companies stick close to their commitments, we could start the reversal process. Just my opinion, Michael

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next