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: marc chatman who wrote (57645)	12/30/1999 9:38:00 PM
From: marc chatman	Read Replies (1) of 95453

I don't know whether this has been discussed, but does anyone have a clue regarding what will happen to the OSX as a result of the SLB/RIG deal? Since SLB should drop several points upon spinning off Sedco Forex tomorrow, that would take down the OSX by a measurable increment (don't ask me what that is), unless there is some re-weighting of the index. SLB constitutes about 13% of the OSX. RIG, I believe, is now about 7% of the index. Also, if SLB drops, say, 5 points (to pick a number at random), I'd guess there would be some spillover onto the other OS companies.

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