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Gold/Mining/Energy : Transocean (RIG) -- Ignore unavailable to you. Want to Upgrade?

To: Qualified Opinion who wrote (331)	1/5/2015 4:27:12 PM
From: robert b furman	Read Replies (2) \| Respond to of 366

The big question to me is just how competitive is Shale vs every one else excepting the big ME exporters (Saudi's Quatar, U.A.E. ? If shale continues for 2-3 years = a very good economy in the USA and U>S oil services equities will do well. A lot of countries have outlawed shale fracing. If the US continues fracing - we'll be exporters of refined products. E&P will have margin shrinkage. Oil services will have competition = makes for M&A as we see in Baker Hughes and Sclumberger. I can see where dividends will be trimmed but I wonder if the industry goes bust or just competes. All good questions - outcomes of which have yet to be made known. Wondering if this oil top is similar to what the semi's went through in 1999 - 2000. 14 years later more chips are being sold every year on a very diverse plethora of products. There are a lot fewer chip makers names out there now vs 2000. The survivors are doing very well in a much more mature industry. Bob