Strictly: Drilling and oil-field services Message Board

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

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To: Big Dog who wrote (45971)	6/7/1999 12:11:00 PM
From: Terry D	Read Replies (1) of 95453

MRL NEWS I just looked quickly through the thread, pretty sure this hasn't been posted yet. First Union report this am on MRL - 1. MRL mgt turned down 130,000/day 5 year negotiated offer for the 700. Wow. How many of us would take that in a heart beat. 2. The lower levels at Esso are very happy with the 700 progress - in direct contradiction to the "public stance" of the higher level mgt negotiators. Posturing? 3. The FTU analyst (Yves Siegel?) thinks we need 85% cap utilization before we see any dayrate pricing power. It is 66.7% currently. t d

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