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To: Thean who wrote (6988)1/29/1999 3:09:00 PM
From: MARK BARGER  Respond to of 14427
 
Thean, of course the drillers can go a lot lower. NVLS can also go to 120 next month too. Do I think either will happen, no. IMO the oil oversupply and increasing demand curves will intersect later on this year. No one can predict the future, but I will take my chances owning FGI at 10 rather than the current market leaders. Thanks for your comments.

Mark



To: Thean who wrote (6988)1/29/1999 3:14:00 PM
From: Lucretius  Respond to of 14427
 
yep, that's where I will load the boat :)

keep in mind, oil doesn't have to go to 10 to sink the drillers, just stay for some time in the low teens where it is not profitable to drill


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