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 (45952)	6/6/1999 1:00:00 PM
From: Richard D	Read Replies (1) of 95453

"What is especially interesting about this story is that Mexico is not a member of OPEC. Not only will OPEC compliance be very good, but key non-OPEC producers are cooperating more closely than ever before." If most everyone is cutting back production, and I assume the exploration and drilling that production entails, wouldn't the wisest money be best spent on domestic land drillers, who, firstly are among the few who aren't beholden to OPEC cutbacks and, secondly, can respond the quickest to changing oil prices. Perhaps there's a reason these have led the pack and may continue to outpace the others on percentage gains basis. Richard (very long PTEN.)

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