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: The Perfect Hedge who wrote (3103)	11/18/1997 6:01:00 PM
From: bw	Respond to of 95453

An analyst from Saloman was just on CNBC, and responding to a question on SLB stated that this correction is a good "buying opportunity" right now for oil service sector and SLB. He says there should be good growth many quarters out.. Just thought I'd throw another expert's opinion into the stew.. Another thought..If this is a manipulation of the larger players, then those same are likely to push these prices up for another go-round before year end..As for the slowing down the spending for drillers..it's true that these energy companies are under extreme pressure to maintain their growth rates..and the only way to do that when your products are an expendible resource is to find and develop more.