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


To: Linda Pearson who wrote (3378)11/20/1997 2:38:00 PM
From: Redman  Read Replies (1) | Respond to of 95453
 
It appears as if these stocks are trying, and some succeeding, to get stronger through the day. Even GIFI is finally making a move upward.

red



To: Linda Pearson who wrote (3378)11/21/1997 1:28:00 AM
From: Tim Miller  Respond to of 95453
 
Linda,

<<I hope the slide is over, I doubled my position in Global Marine yesterday at 26 1/2. How I hate to be wrong...>>

I did the same at 26 3/4. And I really hate to be wrong...

I work in the oil fields and it is very busy. All of the companies are hiring. All of the talk is of more putting more rigs to work. Until last August there were still some that were stacked down - not any more.

The current technology for drilling is unbelievable and is allowing fields to be produced that were not previously economical. Of course, $20/ barrel doesn't hurt, but the investments being made in new fields tells me that the oil companies are not afraid of the price of oil.

Good luck with Global,
Tim