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 (42957)	4/22/1999 6:48:00 PM
From: diana g	Read Replies (1) of 95453

Quote from James C Day, CEO of NE (I believe Day is highly respected in the business, and he tells it like he sees it. Early last year while other oil execs were saying things were looking good, he said Trouble was coming. --d) biz.yahoo.com <<<<James C. Day, Chairman and Chief Executive Officer, said, ''While near term activity levels remain weak, the improvement in oil and natural gas prices portend an improving market over the next 24 months." Day emphasized ''Obviously our clients must recover financially before any major improvement in drilling activity will occur. We can anticipate further deterioration in dayrates and utilization levels through the balance of the year. However, the longer we experience low levels of activity, the more pronounced the rebound.''>>>>

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