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: Douglas V. Fant who wrote (28026)	8/20/1998 6:38:00 AM
From: JZGalt	Read Replies (2) of 95453

Thus when crude oil gets back to $15/bbl, expect energy companies to table more exploratory and in field development projects once again. There is also a time lag involved. Just as the e&p companies did not turn off the budget process immediately when oil dropped below $15, it will not turn on again until it rises above and stays there for perhaps 3 months or more before you would see any pickup in this area. I really wish this thread would quit trying to guess the bottom(s). The stocks follow oil prices and the trend is still down despite day to day fluctuations.

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