Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: cnyndwllr who wrote (76474)	10/17/2000 12:27:12 AM
From: chowder	Respond to of 95453

Hello Ed! If I'm wrong I apologize. >> I know I brought it on myself << That's true. >> but why do people have 2 standards of behavior, one for the problem child and one for those that address him? << I suppose it's because he's made his bones. Or, it could be that we've all been through it before. It never gets us anywhere, except for the occasional entertainment factor, but then it usually gets ugly before it gets better. >> Also, how does he get away with talking to a woman like that? << Equal rights I suppose. Like you, I'll pass on treating a woman like that. Mom would kill me if she found out. Ed, you seem to be a bright individual, one that would clearly be welcome here. I hope you decide to stick around and make a contribution. I also hope we can learn to disagree without pointing out other peoples mistakes. I think we're smart enough to offer differing opinions without concentrating on who's right or who's wrong. Strange as it seems, a lot of times everyone is right because everyone's objectives are different. Now if you'll excuse me, I have a donut to eat. Perhaps I'll wash it down with a glass of viscosity. dabum

To: cnyndwllr who wrote (76474)	10/17/2000 10:01:51 AM
From: isopatch	Respond to of 95453

Ed. Super-Major mergers slowed exploration cycle this time, and last night posted news of another giant merger between Texaco and Chevron. So the consolidation among the giant firms apparently isn't over yet nor is the resulting delays that result from the restructuring that follows these mergers. BTW have suspected that there's a quid pro quo between the giant internationals and S.A. such that they delay their exploration in return for greater development opportunities in the ME. Love to see Drudge get ahold of and release a few memos to prove it<G>. On the other hand, he might end up at the bottom of the Potomac wearing cement overshoes if he tried. Isopatch

To: cnyndwllr who wrote (76474)	10/17/2000 10:05:50 AM
From: edward miller	Read Replies (2) \| Respond to of 95453

Actually "the desire to get their books and balance sheets glowing" severely understates the problem, according to the posters here who know more than I do. In fact you seem to be just glossing over that issue. Maybe you don't realize that a lot of the smaller companies were just a step away from bankruptcy. Maybe you don't realize that their bankers, and Wall Street, have told them that in order to get money for drilling they HAVE TO clean up their balance sheet. Maybe you don't realize that almost being bankrupt 2 years ago is having a profound effect on their confidence in the prices they will receive going forward. I think that they should wait.......... Wait until the investment community realizes how serious the energy problem is, and that it is not going away next spring. Wait until the investment money finally flows their way. Why risk another bought with bankruptcy? Oh....... I forgot one minor issue. All the people that were laid off at the bottom so these companies could avoid bankruptcy court have left the industry. How would you feel if you never had work for more than a few months or weeks at a time when everyone else is doing so well? How can people live like that? Many decided to go elsewhere, and they aren't coming back. I can't blame them.