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


To: Chuzzlewit who wrote (20931)4/30/1998 8:22:00 PM
From: j g cordes  Respond to of 95453
 
Thanks for your reply.. I'm aware of the rig shortage and refurbishment problems. Those seem to have the greatest supply/demand pricing ability. Deep water committments also must be made with long lead times and inertia can't be dropped once a project is begun or else a substantial portion of the investment to date is lost. I was referring more to HAL and SLB services as possibly being weaker in the current situation. Would you elaborate on this please. Thanks.