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

To: Broken_Clock who wrote (15052)	3/17/1998 12:30:00 PM
From: Bazmataz	Respond to of 95453

The only good news is that there's so much BAD news, what else could happen?eom

To: Broken_Clock who wrote (15052)	3/17/1998 12:35:00 PM
From: PartyTime	Read Replies (1) \| Respond to of 95453

Didn't someone say last week that the best cure for $10 oil is $10 oil? I've heard contradictory info on dayrates. Some say they're going down; some say they're stable; while others see them increasing. Who controls the answer to this, and how is this influence peppered throughout the industry? Is it really just the Pissannniii-man? Who plugs his ear? Isn't there an oil driller spokesperson out there somewhere, who should be making comments on CNBC and other news sources? Where is this person(s)? Needless to say, there's considerably more depression here than the price of oil! I hate to see a good party get ruined.

To: Broken_Clock who wrote (15052)	3/17/1998 2:09:00 PM
From: upanddown	Read Replies (2) \| Respond to of 95453

<<Yes, the deep waters like RIG & DO will do ok...but the euphoria of ever increasing day rates seems to be dissipating. Flat earnings growth is not what gets Wall St.excited.>> PK Flat earnings growth would certainly lead to further annihilation in this sector but Ron's database shows 67% growth this year and 41% next year for the offshore drillers with a high pct of revenues contractually locked in. Are you saying that the earnings estimates are predicated on ever increasing day rates ? I was hoping that they only required stable day rates. Good luck, John