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: jim_p who wrote (64934)	4/19/2000 8:33:00 AM
From: Aggie	Read Replies (3) of 95453

jim p, Good Morning, The future is bright for MDR, but I wouldn't call it a rosy picture, exactly. Did you catch the story about BPA's ambitious deepwater strategy? A multi-billion $$ construction and installation program - but unfortunately MDR is an also-ran. Halliburton's Brown & Root won the prize. MDR was banking heavily on getting the work, and they are shaken that they didn't. As for the asbestos concerns - I believe this will fade away, but slowly. I don't see any sharp rebounds in MDR, rather a slow recovery as new contract awards begin to replace the asbestos lawsuits in the collective sentiments of investors. Regards to all, and by the way I'm long on MDR and considering going longer. Aggie

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