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

To: BigBull who wrote (61153)3/1/2000 2:40:00 PM
From: chuck weir  Respond to of 95453
 
Are day rates and rig utilization going up yet? Does anyone have evidence the oil price increase is showing up in the drilling/service business yet? Anything???



To: BigBull who wrote (61153)3/1/2000 5:02:00 PM
From: Douglas V. Fant  Read Replies (2) | Respond to of 95453
 
BigBull, Since I am in the industry - Yes! it's grand! I waited until the end of day to write back only so that I could watch the major oil's action. Down most of the day, they finished with a rush to close in positive territory.

Now I feel more strongly that the integrated E&P's are bottoming in their current price ranges....

And OPEC- Where will that extra 2.5 mm/bbls day come from????


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