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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Dwight E. Karlsen who wrote (37416)2/12/1999 12:21:00 AM
From: VLAD  Read Replies (2) of 95453
 
So what if the big oil companies are making LESS money. They are still making money even with $12pbl oil prices. Besides, they are diversified and make money on other subsidiaries (eg chemicals) when oil prices are low. Unfortunately, Wall Street doesn't like negative growth so of course they still have to cut costs by reducing their exploration budgets and by cutting personnel.
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