Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I listened to the conference call the other day. Talk was of a shift
from North America to forgien markets and longer period contracts. In
addition BHI made a point of stressing their policy of improving contract prices ("fair value").

The oil majors (and others) are scrambling to reactivate exploration infastructure after the mergers of '98 and '99. I believe that exploration will remain strong as long as the price of oil remains above about $20 / bbl. I think the prospects for this stock are good for the next year or two.

Cheers
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.