Slump in oil price hits WOR, page-12

Yes indeed, and to quote a source (I forget which) I copied from recently:

"Tough market conditions are expected
to prevail many years into the future, as
commodity prices continue to fall in the
wake of China’s unprecedented
infrastructure-led economic boom and
oversupply from key oil producers."

Personally I think WOR is a good short to hold onto for at least a year or two (like several other mining services shorts I've held for a while.) They tend to trade sideways for a few months, take a sharp dive, then rinse and repeat.