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

To: Susan Saline who wrote (23157)6/1/1998 10:48:00 AM
From: pz  Respond to of 95453
 
Sue,

Howdy! The oil service sector unfortunately is tracking the price of oil today and oil is down .23. It doesn't appear that we are going to get any substantial rally until we get closer to the OPEC meeting toward the end of the month.....dang it.

Also, in yesterdays paper it mentioned that the U.S. rig count fell by 33 rigs. The on land drillers are about as bleak as I've ever seen them. The only people that are drilling here locally are the majors, the independents have pretty well shut down. It's not a pretty picture.

Hope you've been well.

Paul



To: Susan Saline who wrote (23157)6/1/1998 10:57:00 AM
From: Timelord  Read Replies (1) | Respond to of 95453
 
RIG just broke support at 48. Rally time??? <EOM>

Alex



To: Susan Saline who wrote (23157)6/1/1998 11:41:00 AM
From: waverider  Read Replies (1) | Respond to of 95453
 
>>rally time<<

Hope springs eternal. Don't fight the trend folks.

<H>


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