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: ldo79 who wrote (41836)	4/8/1999 8:40:00 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

World oil demand seen 1.2 mln bpd above supply-DOE biz.yahoo.com ...no more gloom & doom spin - I think the news today on depletion, demand, OPEC compliance and the earnings doom & gloom has been exposed as just that - gloom & doom/over done... it's choose your mounts - and enter the blocks time imho. ldo; no question that GOM dayrates are soft - the upside is GMRK's international niche - non GOM exposure and TMAR's cash flow from these pre-contracted new boats - all the downside is overpriced. Remember- E&P's get the cash today from increased Oil prices; the boats will both transport the renewed Oil production and the supplies & people - it's coming...

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