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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (32252)11/30/1998 10:31:00 AM
From: RGinPG  Read Replies (1) of 95453
 
We're not getting there anytime soon I'm afraid. With oil going down to $5 a barrel and OPEC and the rest of the exporters fiddling while Rome is burning, these service companies have little chance of maintaining profitability. This is what the market is telling us. We are headed for another downdraft, the length and depth of which I could only guess.

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