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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Razorbak who wrote (46033)	6/11/1999 8:11:00 AM
From: Aggie	Respond to of 95453

Razor, It would appear that the most severe part of the oilpatch downturn is behind us - but I still believe have at least 3 quarters worth of rough sledding ahead. Many of these companies have struggled successfully during the previous year's rout only to find that they are on the verge of starvation with salvation in sight - kind of like Napolean's troops in Russia after the war: the prospect of violent death was replaced with the prospect of slow starvation and misery during the long march home. I submit that the bankruptcy indicator's lower scale be expanded to indicate: In Danger Not At All Well Near Death Walking Dead Dead and Don't Know It Dead Regards, Aggie