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: upanddown who wrote (54660)	11/13/1999 4:35:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

John Clarke - your post on MDR says it all.... That's what my intitial take was; insurance cover's a substantial portion, is still in effect; they said they were looking at a 100-200M problem "potentially"... We shall see who profits... now lower than NAV - breakup value, let alone the lowest price to sales ratio in the entire Energy Universe speak volumes... and MDR itself is NOT going under; even though its priced here as if that was the risk.

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