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


To: marc chatman who wrote (25194)7/6/1998 4:29:00 PM
From: Broken_Clock  Respond to of 95453
 
Yes, i think your viewpoint is the correct one. The deep drillers are vulnerable to the overall sentiment, too, even tho there earnings aren't! This weel FLC locked up two deep rigs and took a beating just the same. CDG looks to be very scary. LT was indicating that shallow rig rates were still dropping which might spill over into ultra shallow cdg...



To: marc chatman who wrote (25194)7/6/1998 4:49:00 PM
From: Broken_Clock  Read Replies (2) | Respond to of 95453
 
marc, cdg finally closed below 32 ... and strongly. I expect it will sell off tomorrow if oil is down. I think next support is 28.