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: Chuzzlewit who wrote (4864)	12/11/1997 4:53:00 PM
From: Big Dog	Read Replies (5) of 95453

Ladies? You mean we got some purty girls hangin' with us? I like girls. FYI -- I got an inquiry from a middle eastern oil company that wants to buy 3 large jackups. They are tired of paying high day rates. Trouble is, nobody in their right mind would sell one of those golden goose's. Of course that's not to say I won't try to find them something at some stupid price -- those folks have a lot of bananas you know. Then I will gently propose that they build a few rigs. They won't like this idea at first, but when they see there aren't stupid people to sell them 3 jackups, they may change their tune -- think I might talk to my boys at FGII about this? The actual outcome will probably be that they just keep on paying the high day rates whether they like it or not. 'Cause you can bet your bee-hind they aren't going to stop poking holes looking for that Texas Tea. Now THAT is PRICING POWER !

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