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

To: Lazlo Pierce who wrote (24494)6/22/1998 12:28:00 PM
From: Tulvio Durand  Read Replies (5) | Respond to of 95453
 
Oil up 0.70 ahead of the OPEC meeting on Wednesday. CNBC's Pissani chimes in with "bottom" may be at hand for oil and services. I believe oil is poised for a short term pop as result of the meeting and the new production quotas that will emerge therefrom. This will undoubtedly soon be followed by resumed drift to lower oil prices over several months until the excess oil is worked off. I see this as an opportunity of lightening up on holdings in anticipation of getting back in at cheaper prices. Comments? Tulvio



To: Lazlo Pierce who wrote (24494)6/23/1998 8:08:00 AM
From: May Tran  Read Replies (1) | Respond to of 95453
 
I would call the company and ask what happen to those 54-65 rigs? Are they out of service?
On the other hand, since the price is 10 and the cost of production is 15, wouldn't it be a saving on cost of production 5??
This is a very interesting fact that we all as stock holders need to find out.


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