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: SliderOnTheBlack who wrote (26001)	7/20/1998 6:38:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Slide-- 1. Simmons put that report out many months ago. Very old news, and most people in the business "chuckle" when they talk about his 450 rigs to be built. His company is the biggest cheerleader of the industry around...why do you think they do so many offerings? 2. Caspian Sea -- Definition of a sea is an inland body of water. How are you going to suck the excess capacity of Gulf of Mexico jackups, etc. to an inland sea? Ain't gonna happen. What likely WILL happen is that some smart shipyard like FGII will make a deal with a Caspian Sea-area shipyard and go over there and build new rigs on site. But guess what? It ain't gonna happen with low oil prices. I'm not saying business will not be good in the future. All I am saying is it ALL depends on the price of oil -- which I "feel" will be going higher and therefore fulfill the expectations you have for the industry -- but not for the reasons you outline. big jump.to