SI
SI
discoversearch

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 : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Sharp_End_Of_Drill who wrote (19707)3/5/2003 11:24:57 AM
From: russwinter  Read Replies (1) | Respond to of 206184
 
<isn't that just grand?>

Better than sitting in dry dock. Remember these stocks trade at far less than replacement value right now, it's all relative.

Speaking of isn't it grand, the inventory numbers are alarming. Now we know what it must of been like for Germany when they lost Ploesti in WW II. This is a bad time to go to war. I hope they have the Mission Impossible squads on hand to keep those Iraqi and Kuwati fields from burning.
Message 18443386



To: Sharp_End_Of_Drill who wrote (19707)3/5/2003 11:28:17 AM
From: Big Dog  Respond to of 206184
 
Sharp - Yes...and I suspect they were damn happy to get the 110!

This is why the spring coils ever so tighter and fleet replacement will continue to be pushed to later years...oil companies will not support rational pricing for rigs. They take the short term "save-a-buck" view. The day will come...

big