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To: Larry S. who wrote (16065)8/31/1998 12:50:00 AM
From: pz  Read Replies (2) | Respond to of 53068
 
Chat KEG

Larry,

I was visiting with our drilling contractor this morning and we were talking about KEG in particular. KEG came into our area and bought up half of the rigs when times were pretty good. Now that times are bad, to say the least, KEG is stacking most of their rigs. This drilling contractor said that he gets calls everyday from KEG employees that have been laid off and need to find jobs.

KEG had the right idea by trying to buy up the competition but their timing pretty well stunk. KEG has really bad times ahead...they bit off a bit more than they could chew...IMHO.

One thing is for sure...their earnings are going to stink for a while to come........

Paul