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To: Vanni Resta who wrote (866)	1/23/1998 11:36:00 AM
From: Leo Mitkievicz	Read Replies (3) of 1253

Vanni: And with half of one ear listening to CNBC in the background I heard the Schlumberge bit wrong. (Who really listens to that junk?) How does GLM fit in? I like their deep water exposure and played it last May for a while simply on that basis and being oversold. Some talking head on CNBC this morning was explaining that total oil consumption is expected to be up this year, reserves have to be replaced, exploration has to continue. Made sense to me and explains comeback in VTS. Told Joe K. to "load up the truck" on Schlumberge. Leo

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