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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Thomas J Pittman who wrote (36289)1/29/1999 11:07:00 PM
From: thomas hayden  Read Replies (1) of 95453
 
lowest rig count ever...to me that seems like blood is running in the streets. However, it may take several quarters for the low rig count to be reflected in OS companies earnings, and then we may see real red in stock prices. Although I've got to think that the few number of rigs exploring, which is probably being echoed around the world, will in a year or so have some affect on supply. Then again maybe the Saudi's will just crank up the faucet.
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