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


To: pbd007 who wrote (87597)2/17/2001 5:50:37 PM
From: Razorbak  Read Replies (1) | Respond to of 95453
 
WEL, Whadya Know?

pbd007: Thanks for the explanation. I understand your concerns about the revenue stream being highly unpredictable and driven by the (unfortunate) need to capitalize on disastrous failures amongst one's customer base. Strangely enough, perhaps that's one of the things that interests me, since a lot of my current work (turnaround and crisis management consulting for failing businesses) is very similar in nature. Don't forget, though, that WEL's business demand inevitably increases as drilling activity rises. The more wells that are drilled, the more blowouts that occur. Just like my business activity increases in economic downturns. The more the economy declines, the more businesses go bust, and the more work that guys like me pick up. (My practice has doubled in size in the last 6 months.)

You make a good point about Dain's recent pumping, but you (shamelessly!) jump to the (unimaginable!) conclusion that they're really only looking to pick up Pru's former account. We all know that Street carnivores have the purest of intentions, so shame on you for thinking there's a real wolf under that funny looking sheepskin. ;-)

Razor