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.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (14967)	3/13/1998 11:42:00 AM
From: Michael	Read Replies (1) \| Respond to of 94695

"stay out of the oil sector" I agree. It seems the direction for oil itself will be down for a while yet. However against that the exploration side of the business seems to be booming. I have friends in the business here, some on the oil rig refurbishment side, who say they are busier than they have been in years. Their order book is full for through to 2001. Another on the exploratioin side say his company have been having problems for months now due to a shortage of rigs available for contract. The price of drillers like GLM and RIG have made some nice moves recently. They are announcing contracts at higher rates and covering longer periods. I seem to remember you've mentioned before that you also work in this industry, so I'd be grateful for your insight. Regards Michael