Michael Ross

Pre-Market Snapshot

This is the 2nd time I have written you. The "premarket" snapshot is being received at 8:25 am PST -- two hours after market open. Can't this be changed and, can you reply to this message/comment?

Thank you.

Oil and Gas Drilling: The Price is Right But The Industry's in Trouble

Not one tier 1 driller oil driller has, particularly offshore, has announced any cancelations. Most all of them have current projects booked thru 2008/9 at higher rates. Given your headline, I find you report to be little more than an attempt to talk down the OIH. The y/y numbers for virtually all of the drillers are increasing at a greater rate than their p/e, i.e. their PEGs are less than 1. Your lack of demographics belies credibility.