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


To: Fun-da-Mental#1 who wrote (49785)8/24/1999 11:40:00 AM
From: victorw  Read Replies (1) | Respond to of 95453
 
The OPEC proposal raises another question for me.

Suppose they succeed, who makees money at WTI $21 +/-??

Is offshore drilling and production profitable at those levels? If it is, a somewhat predictable price band might be a boon to drillers, if they can make money finding and selling oil at that price.

OT -- Does any one follow CHK?

Thanks, VictorW



To: Fun-da-Mental#1 who wrote (49785)8/24/1999 1:35:00 PM
From: Fun-da-Mental#1  Read Replies (2) | Respond to of 95453
 
"Profit was motive in plot to blow up Trans-Alaskan Pipeline, police say"

thestar.ca

Fun-da-Mental