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

To: Bazmataz who wrote (18236)	4/6/1998 9:17:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Baz... The one thing holding this sector together has been the mantra of solid day rates...even through the oil price drop.Earnings may give us a boost but what is needed now if for ESV to rent those rigs in a hurry. Look what happened when the land boys stacked a few rigs. We all went down...big time. This is the type of news that will send buyers scurrying for cover till they see how low we go. NE, DO, RIG are all going to catch a whiff of the bad smell that ESV is sending out. This on top of an OPECer saying that the recent cuts weren't enough...and oil dropping half a buck.