Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sunny who wrote (24315)	6/17/1998 4:05:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 95453

Sunny, new news headlines... 15:56 [HU=N8,HO=N8] JULY UNLEADED GAS CLOSES UP 1.3%, HEATING OIL UP 0.9%, FOLLOWING CRUDE. 15:56 RUBIN: CHANCES OF NEW CRISIS IN ASIA LOW. 15:56 RUBIN: 'ULTIMATELY CURRENCIES FOLLOW FUNDAMENTALS'. 15:56 [CL=N8] RUSSIAN DEPUTY PRIME MINISTER SAYS RUSSIA TO CUT 63,000 BARRELS PER DAY. 15:56 [CL=N8] JULY CRUDE OIL LIFTED BY RUSSIAN ANNOUNCEMENT OF PRODUCTION CUTS. 15:56 [CL=N8] JULY CRUDE OIL CLOSES UP 5.2%, OR 62 CENTS TO $12.60 A BARREL. cbs.marketwatch.com GM

To: Sunny who wrote (24315)	6/17/1998 4:09:00 PM
From: Braddock Bull	Read Replies (1) \| Respond to of 95453

<<I think it is time for us to adapt>> Considering a stock like Cliffs was at $70 and now it's at $35, I think alot of "adapting" has already been done! :-) Brad

To: Sunny who wrote (24315)	6/19/1998 4:09:00 PM
From: Douglas V. Fant	Read Replies (3) \| Respond to of 95453

Sunny, We as an industry have survived numerous downturns- this one s not as bad as the 1986-7 downturn as gas prices has stayed high and oil is only down to around $11.50/bbl spot price WTI crude I believe. My guess is that the pace of acquisitions will increase here in both the energy and oilfield service industry, since most internal forecasts inthe industry are positive moving ahead... Sincerely, Doug F.