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


To: waverider who wrote (18030)4/4/1998 1:47:00 PM
From: Chuzzlewit  Respond to of 95453
 
Yes, that's exactly the argument. The drillers prosper when two elements are in place:

1. The volume of oil demanded is high; and

2. The number of available rigs is low.

But the majors are reading from a totally different playbook. Each is a profit maximizer in his own environment, and those environments are different.

Regards,

Paul