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To: Susan Saline who wrote (17676)	12/7/1998 12:58:00 PM
From: pz	Respond to of 53068

Chat Oils Sue, Things continue to get worse in the oil patch. Several local drillers have completly shut down their rigs and this is the fourth quarter, which is traditionally the strongest in the oil field. This means the first quarter is going to be disasterous. The rig we are currently using has no place to go after our well and will likely be shut down. I'm hearing a lot of rumblings from people who have had enough and are considering shutting down their businesses. There is no way I would touch a land driller's stock at this point. You are going to start seeing those guys start going under IMHO. It's going to take $18 oil to get these guys working again.... Just my impressions..... Paul