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: Rob Shilling who wrote (42528)	4/18/1999 1:54:00 PM
From: Fitz	Respond to of 95453

Is the Bear waking up worldnetdaily.com

To: Rob Shilling who wrote (42528)	4/18/1999 2:12:00 PM
From: Dragon 1	Read Replies (1) \| Respond to of 95453

Where is LUKOY traded at? I can't find it anywhere by its symbol. Please enlighten. TIA

To: Rob Shilling who wrote (42528)	4/18/1999 2:17:00 PM
From: articwarrior	Read Replies (1) \| Respond to of 95453

"The biggest oil company in Russia is Lukoil(LUKOY). " I asked some Russian exchange students about "LUKOY:" since they are from that area and got the following responses. It is not doing well. We cannot get the parts we need to keep our operation going at full speed. We have had to import oil because it is cheaper. From other things I hear from them their country is going through the hardest time of their lives. LUKOY has all you say and more but the key question is can they get it to market?

To: Rob Shilling who wrote (42528)	4/18/1999 2:42:00 PM
From: SliderOnTheBlack	Respond to of 95453

One word covers the entire subject here - We can infinitely discuss what will, or what will not happen and why; and we can talk about who thought about if first untill we are all blue in the face. But, it all boils down to one thing - ''TIMING.'' Buy, Sell, Hold - average in, or double down - all of these decisions require one thing in order to be successfull - ''TIMING." An interesting article about an Oil legend: Richard Rainwater << "Someone asked me what are the secrets to my success, and I said there are three," ..... "Timing, timing, timing." >> ...food for thought. texasmonthly.com

To: Rob Shilling who wrote (42528)	4/18/1999 4:22:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

<<The drilling industry may become a much more steady performer in terms of earnings and revenues in the years to come.>> I couldn't disagree more. The drilling industry will always be cyclical. It will inevitably go through boom and bust -- when utilization and day rates are good, the drillers will build more rigs. When they build too many rigs, supply will outstrip demand, and utilization and day rates will come down. I'm about as bullish on OS as anyone for the time being, and I've put my money where my mouth is. But, if you think the drillers will be able to avoid boom and bust, check back in 5 or 10 years. One more point -- OPEC will eventually mess up. But that's just the nature of a cartel. Hopefully world demand will outpace OPEC's future production increases, at least for awhile.