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: Gerald F Bunch who wrote (28216)	8/24/1998 11:42:00 AM
From: Mike from La.	Read Replies (2) of 95453

GB, When you say that these stocks will recover, do you mean start to go back up, or do you mean return to their pre-1998 levels. If you mean the latter, then their projections are not out of line with what the optimistic writers are saying. To return to the pre-'98 levels means a doubling or tripling from their present levels. I checked the want ads in New Orleans yesterday, and it's full of ads for offshore workers. I've also heard FGII advertising for workers on the radio in Biloxi. Recently the shipyards got permission from the government to hire foreign workers for a year because there is such an extreme shortage here. These companies do not seem to be pulling back. Mike from La.

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