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: Crimson Ghost who wrote (39807)	3/12/1999 7:22:00 PM
From: JHR	Read Replies (1) of 95453

George, I've been a long time investor/trader in these stocks. Question I have is even if they do make the cuts, if demand doesn't perk up what carries the oil to $18 or so where the E&P companies are willing to increase budgets. Without that the drillers dont do much. I've seen Doug review how the companies are constantly reviewing how they perform at $10,12 ,15 etc. I have no clue what the price is where these guys start to expand budgets, but until they do, whats to drive the drillers. Triple witching next Friday should make it an unusally irrational week. Happy tradiding and investing.

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