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: marc chatman who wrote (42209)	4/14/1999 7:01:00 PM
From: BigBull	Read Replies (1) of 95453

So how many of these OS CEO types predicted oil at $16.50 this month? As far as I know there was only one person on this thread who actually got the number and timing right and without a lot of equivocating bullsh*t. Ahmed. Maybe Ahmed should be running BHI instead of this dude. One thing we KNOW Mr. Palmer knows how to do right. Make lots and lots of money while he fires his employees by the bushel. No, my friend, these guys HAVE to be negative IN PUBLIC after what they've done. Pardon me, while I take ALL predictions from these jokers with a HUGE grain of salt. Listen to the Spears interview that Doug Fant posted. These guys are all Dr. Doom at the bottom and Pollyana at the top. If these guys were that smart about predicting day rates and rig utilization then how come they weren't slashing jobs at the peak in ANTICIPATION of the coming downturn? HMMMMM? My, my, how thing things change. Wasn't I reading just two days ago GLUT GONE?! One bad API number after 5 good ones and it's the end of the world!!!!!! Wow! I am completely fading what oil traders / oil executives say in public. In this sector its Buy cheap - sell dear! End of story.

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