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: JungleInvestor who wrote (39880)	3/14/1999 11:21:00 AM
From: SargeK	Read Replies (2) \| Respond to of 95453

BP/AMOCO Co-Chaiman Fuller is Wrong! "BP/Amoco-Fuller: He cited falling world demand and growing production over the past year or two"//// "Amoco is making its financial assumptions based on an $11 a barrel Brent oil price, Fuller said." He sounds more like a stock analyst using 'rear view mirror' analyses, than a major player. If Fuller really believes what he is saying, that is one company whose stock I will definitely "NOT" be buying. In view of signs of economic revival around the globe and all the points made in my prior posts, I find Fuller's remarks 'friggin unbelievable', unless, of course, he is attempting to influence markets and competition. SargeK

To: JungleInvestor who wrote (39880)	3/14/1999 2:53:00 PM
From: Elmer	Respond to of 95453

IMHO, The Chairman has to say this to the public because he is using the low oil price for years scenario as the reason for all of the job cuts. He took the opportunity of the low oil price environment to reduce head count. Instead of telling the truth that he WANTS to lower his cost structure he then can say we NEED to lower our costs to prevail. He doesn't want everybody to say hey why are we still cutting jobs if we expect oil prices to recover in the very near future.