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: Big Dog who wrote (7567)	1/11/1998 12:09:00 PM
From: JOHN BAIN	Read Replies (2) \| Respond to of 95453

Mike, your reason for continuing to have faith in the drillers is because they are making a "shit load of money" now. Analysts are looking past the 4th quarter of '97 and first quarter of this year and are concerned that future earnings will decline as oil companies slash their E&P budgets due to falling oil prices. The prospects for the oil service sector are tied to the perceived future price of oil. Oil is a commodity and the price is predicated on supply and demand. Analysts expect supply to increase this year due to OPEC and Iraq and demand to decrease due to warm weather and the slowndown in the Asian economies.