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: mph who wrote (10338)	2/2/1998 11:26:00 AM
From: Thean	Read Replies (2) \| Respond to of 95453

I'm getting concerned for Glen. Anyone living in LA area wants to give him a call? Hope it's not St John Wort overdosing. Remember, those taking this stuff are screwing with serotonin biobalance (or imbalance) here just like Prozac. As to today's action, this is as predictable as it can get. We knew heading into Friday's close there will be more selling and not buying comes Monday. Glen knew that too. That's why he decided to get away. The sentiment is simply negative right now. The land drillers losing their dayrate is true, not rumor anymore. Companies like PTEN and NBR are stacking them, trying to fight the trend - according to the Oilman an industry insider who lurks here. If you don't believe this, give these companies a call. The spring seasonality factor may have to do with the low utilization rate but it is a definite concern. I'd stay with strictly off-offshore drillers right now.