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 (64852)	4/18/2000 12:35:00 PM
From: upanddown	Read Replies (3) of 95453

BP Amoco sees a ?bottleneck? in the Gulf of Mexico deepwater construction market developing in 2001, which is bullish for Halliburton, Cal Dive, Coflexip, Stolt Comex Seaway, and Global Industries among others. Big, What about JayRay? The Bankruptcy Court in N'awlins cleared the way for MDR assets to be shielded from B&W asbestos claims on Monday. While B&W is in receivership, the net assets of B&W will be carried on MDR's books as a investment. MDR cash and investments are likely to exceed current market cap. JRM seems to be doing very well. They were reported in Hart's as getting a major piece of the CHV/BHP GOM project "Typhoon" (cost 500M+) in competition with HAL. They are ahead of schedule on a pipeline for Pertamina bringing NG to Singapore. They are bidding on big projects for Qatar. My best understanding of JRM is that their specialties are platforms, pipelines and subsea. Isn't that where the deepwater money has to go? John

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