Strictly: Oil and Gas Exploration Companies Message Board

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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies

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To: PuddleGlum who wrote (47)	9/19/1998 10:08:00 PM
From: Aggie	Read Replies (1) of 318

So....what's the concensus then, on the Oil Service Sector? We seem to be drifting from a position of "still a ways to go" to "time to buy". Myself, I have bought. I think we are close enough to the bottom that further delay will be costly. I look at the driller's situation in SE Asia - with floating rigs stacked up in Singapore, doom and gloom the flavor of the day...but, aside from these rigs, I also see ambitious shipyard programs for upgrades and a respectable amount of drilling activity next year in Indonesia, the basket case of SE Asia, both for exploration, but also a fair amount of development. So for my money, the bottom has arrived and moved on, we are on the upside now. Good luck to all. Aggie

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