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


To: Gottfried who wrote (6204)12/29/1997 12:04:00 PM
From: David Spruiell  Respond to of 95453
 
Funny;..... NYMEX Crude prices
Light Sweet
FEB 17.90 -.30
MAR 18.08 -.25

Brent North Sea
FEB 16.94 -.39
MAR 17.10 -.30

The fear of all long oil drillers is crude going down.
So crude down and drilling service goes up?
Does this mean that if crude goes to 16, RIG .......$55.00...
So much for market logic.
Long RIG
David