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

To: Douglas V. Fant who wrote (21763)	5/10/1998 1:14:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 95453

I'd love to discuss this. Frankly, I'm surprised that some of the major oil companies (like Shell or Chevron) don't pick these guys up. It would be pocket change for them, and the return on investment looks to be enormous. I know that some of the drillers like GLM were originally spun off from the majors, but that doesn't mean that the majors haven't learned their lessons. Just look at the divestitures followed by combinations and recombinations in the telephone industry! TTFN, CTC