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

To: Big Dog who wrote (21122)	5/4/1998 11:49:00 PM
From: papi riqui	Read Replies (1) \| Respond to of 95453

Big D, You said: There will continue to be orders, but we think it will be at a slower pace for a couple of years. This will give the supply company's a chance to rationalize their business re capacity etc. It will be the pause that refreshes. Do you see this "slower pace" as a leveling off of the current rate of drilling orders or an actual decline from current levels, and if so, at what rate in percentage terms do you foresee the decline to be? Would you anticipate a commensurate decline in earnings for the drillers over this 2 year period? PR