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 (28333)	8/26/1998 12:13:00 AM
From: Douglas V. Fant	Read Replies (1) of 95453

Slider, Yes I am in EVI already and am watching ESV,RON, BHI, and HAL "like a hawk". For crying out loud I have to laugh! Ten years ago the world consumed about 52mm bbls/day of oil .Currently the world consumes 73 mm bbls/day of oil, admittedly down from a peak of 75mm bbls/day a year ago,and thus the cause of the "oversupply". Now just how do you produce "only" 73 mm bbls/day of oil- well I'll say it- you have to drill and service many, many wells worldwide. The industry is not drying up and blowing away. Sure we are off our peaks but there is a tremendous amount of field/well work to do every day still, to produce those "mere" 73 mm bbls/day of oil that the runs the world economic machine.... The only other market sector IMO that is as oversold as oil/oilfield service stocks are the ECM's... Check 'em out price/sales ratios on the top line companies are generally under 0.5!! Sincerely, Doug F.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next