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

To: RGinPG who wrote (16042)3/23/1998 7:32:00 AM
From: Nathan  Respond to of 95453
 
RGinPG, thanks for the advice. What land driller has the best fundamentals while being beaten down the most? TIA Nathan



To: RGinPG who wrote (16042)3/23/1998 7:34:00 AM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
Ron, I assume the land drillers will rise with the tide. Any thoughts, though, as to what crude price levels we will need to see before the cancelled or marginal land drilling projects come back on line?

My guess is that some of these independents which have slashed E&P budgets will wait to see whether higher prices hold before they take the plunge. If an ample supply of land rigs is stacked, their risk in waiting is relatively low.


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