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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: sand wedge who wrote (30381)10/6/1998 9:22:00 AM
From: Grommit  Read Replies (3) of 95453
 
deep question still stands.

Thanks sandwedge, I understand that, and the answer to the question of whether or not the deep contracts are getting renewed would tell us what their beliefs for the future are. I am also wondering if their beliefs have been shaken recently due to perceptions that the economic sky is falling and the possibility of reduced oil demand lasting for quite awhile.

Are the deep drilling contracts which are coming up for renewal getting renewed lately?
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