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: SliderOnTheBlack who wrote (30950)	10/20/1998 6:01:00 PM
From: The Ox	Read Replies (2) of 95453

Let's remember Big Dog's motto: It's the oil price stupid! This is crucial! We are now trading below $13 for Brent. Many in the industry have said in the past that a minimum of $15 is necessary to get close to break even. Low oil prices + disappointing earnings reports + weak forward guidance = tough times for the OSX! Let's be careful out there. Michael

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