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

To: Thean who wrote (15605)	3/19/1998 9:48:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 95453

Thean... April 45s Reading through the posts this evening one thing strikes me as so ironic. We have analysts saying we're history and companies saying no slow down in offshore...we'll pay to play. Somebody's lying their ___ off! LTAO...a new one for the internet. Lowering the earnings expectations based on lower oil...I don't get it. The only correlation i see with the price of oil and deep water drillers is this: The cost to drill a well will be less cause the cost to run those generators on the rigs is now 1/2 what is was a year ago so the drillers will make even more! They should be slamming earnings now that these guys have lowered the bar.