Sunday, April 15, 2007 2:22:12 PM
My point:
Those companies that have there own rigs for drilling, and this rigs are functioning and maintained are in primed position. We all know that there is a back log for the independent servicing contractors ( hiring drillers) but also note the the hardware suppliers, the manufactures of these rigs, are getting big backlogs as well up to 18 months in some cases.
Again another very important point in the economics of supply/demand. These little emerging O&G's that are in place to pick up the slack, into day's oil environment, are positioned to take that new revenue all the way to the bottom line.
Kels
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