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: diana g who wrote (42556)	4/18/1999 9:05:00 PM
From: Big Dog	Read Replies (2) of 95453

You just let Brent get to 21 -- which would be nymex at about 23-24, and you can bet that osx will be knocking at 125. But it will take some time. Diana, you under-estimate the power of the oil price. I can tell you that as early as 10-12 weeks ago I could have bought a specific modern jackup for $25 million. Today, the price is more like $45 million...and the drillers haven't even started benefiting from the current higher prices. I couldn't get buyers "in gear" fast enough. Now the opportunity is gone. But there will be more (opportunities). And buyers will be slow again...alas, the life of a rig broker! big loosbrock.com

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