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

To: Gameboy who wrote (51258)	9/16/1999 10:35:00 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

I think your logic is faulty. Every $1 rise in crude pumps another $75 mil/day into the PRODUCERS pockets. Most of the money goes to OPEC member nations, Nigeria, Venezuala, etc. In the US, the only one's who are benefitting are the EnP's and, to a lesser extent, the land based drillers/OS companies. That's why I am completely invested in the US EnP's. Most of the biggies that everyone is expecting to save the Drillers/OS companies also have extensive refining operations. Refining has been a losing deal most of this year because output prices (Gasoline, heating oil, etc) haven't risen as fast as input prices (crude). What everyone also appears to be ignoring is the incredible carnage oil prices did to the "savior's" balance sheets. Then there is the downsizing as these monsters merge... As far as I can tell the potential Navy deal is the ONLY reason to buy HLX or FGI AT THIS TIME.