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 (65959)	5/10/2000 3:23:00 PM
From: BigBull	Read Replies (2) of 95453

So PKD didn't pop today. Oh well. Bought more. One by one the problems are being knocked down. The stock probably needed to go down and fill that gap anyway. Today is a good a day as any. IMO when the pressure on the OSX and stocks in general lighten up a bit I expect this puppy to crack 6, then it's off to the races. I have no problems holding this one, or even buying more. Question: The contract for the Caspian rig is for two more years right? Any dayrate escalation clauses in the event oil is found? <g> Also, any possibility they will build another? Anyway the dayrate is pretty good and the consortium needs to find out what they've got here so I don't expect too much downtime for the rig, especially if this field is an elephant. I guess what I'm asking is - How can Parker leverage their role as the lead driller - and make more money due to this find?

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