Santiago
I posted to slider two or three days ago, that my son and my brother works in the oil patch. My son has been in the patch for about 16 years, about 9 off shore. Needless to say, I wouldn't tell him that he knows what he's talking about. My brother has only been in the oil patch for a couple of years.
What I'm trying to say, is that, both of them have made some d@#n good calls about the patch.
The over all sentiment in the oil patch, is that it will not recover for 12 to 18 months.
Take it for what it is worth, both of them, have made some excellent calls
Also, for what it is worth, my son has worked for ESV, SLB, and now works for GLM. I don't remember which land drillers he worked for(Oh well, I guess that I'm suffering short term memory loss. I just heard that, about Billy Boy on CBS, in reference to some of the questions that he had been asked about Monica Lewinsky. What can I say, it's h%*l getting old.)
IMHO, I don't think that the drillers and service company's will be going much lower, but I think it will be a little longer for a strong turnaround than most people expect, short of a strong military engagement.
Thread, forgive my longwinded synopsis. I really don't want you think, that I'm trying to be a SLIDER wannabe.
Regards
GB
P S BTW for what it is worth, I'm just an unsophisticated investor and farmer, but I pay very close attention to my peers that have experince in any field. In the long run, it has paid off. |
