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


To: Teri Stephenson who wrote (23759)6/10/1998 2:15:00 PM
From: Big Dog  Read Replies (3) | Respond to of 95453
 
Warning -- I am starting to privately hear rumblings that do not bode well for the drilling market.

You will not see these things talked about by the industry.

If rig utilization starts to decline, it will ripple through the entire drilling market. I am hearing that such a decline is coming.

How low can they go? Beats me. Can they sell for 4-5 earnings? Beats me.

The Dog will sell on strength, except for MIND and FGII.

big