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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Big Dog who wrote (60272)2/14/2000 5:23:00 PM
From: rich evans  Read Replies (1) of 95453
 
The RIG cc is on vcall and worth a listen as they discuss market conditions and rig usage and construction at some length. Unfortunately they do not see new rig construction in the foreseeable future. What is your opinion on the old jackup fleet and platforms? Is there enough upgrade work here for the likes of FGH and VRC? RIG had longer time horizons it seems then VRC in their CC as to construction but RIGs rig usage is improving pretty well. But you can't seem to move these rigs to easily from a cost standpoint so it seems RIG is well position with their global positon.

Rich
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