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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Bill Li who wrote (5941)12/23/1997 9:55:00 AM
From: Czechsinthemail   of 95453
 
Bill,
Thanks for posting the detailed version of the Morgan Stanley report. The details of the SLB contract likely are favorable and may include financing provisions and other incentives. Significantly, there has been no downgrade of SLB or any of the other drillers or service companies. Virtually all the discussions I've heard maintain the same story of ongoing shortages and strong dayrates.
Baird
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