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

To: quehubo who wrote (20859)	3/26/2003 11:26:08 PM
From: Ed Ajootian	Respond to of 206131

que, I'd like to think that in lieu of a "wealth transfer" the E&P's will be sharing some of their wealth with drillers & service companies. As the guy says, we can all go nutty drilling holes and we don't have to worry about creating too much supply to spoil the party. I believe the E&P companies will not drill stupid wells any more and it remains to be seen if we will ever get back up to 1,000 gas wells again. February's production checks are gonna get cut in a coupla weeks and that was the peak cash flow month, so one would think that the little E&P companies that live check to check will be maxing out their drilling in the coming weeks.