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Gold/Mining/Energy : Ensco International Inc. (ESV)

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To: Mark who wrote (1805)8/1/1999 8:32:00 PM
From: steve harris  Read Replies (1) of 2005
 
Mark, I havent watched it real close, but I havent posted lately because there has been 14-18 rigs idle for a while now.

I "responded" to my own post so somebody could follow back and see how things have progressed. I am sorry that the first few posts are lacking in details. I have those printouts if you want counts for specific areas.

The North Sea is where the big bucks are as I understand it, but Carl Thorne has said repeatedly that the recovery first will be seen in the GOM, as it is the quickest and easiest oil to get to after a slowdown. I can only guess as when a recovery is underway.

I have watched gasoline go from 40 to 62 cents a gallon in the last few months, and the stock price has seemed to follow that ratio.
The stock price has more than doubled.
charts.quotewatch.com

The conference call replay is available for replay on their website if you have RealAudio.

I obviously don't have an answer Mark.
What do you think?

steve
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