Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: VLAD who wrote (38960)	3/4/1999 7:13:00 PM
From: tdl4138	Read Replies (1) of 95453

Good question... Unfortunately no one has the answer. Reqardlesss, it will take some time for the price of crude to stabilize at higher levels and then filter out to companies in the form of earnings. Crude has spiked up before...and the euphoria was short lived. Don't forget,all E&P budgets have been slashed. It'll take some time before they decide to open the purse strings again. I would suggest picking only stocks that will benefit from a pick-up in the industry....The HAL's,SLB, FGI..and the like. The drillers will have to wait for day rates to improve before they become "earnings driven" again. To miss a few points on the way up would be nothing... Just be cautious. Happy trading Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next