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: JHR who wrote (10193)	1/30/1998 12:00:00 PM
From: Lucretius	Read Replies (1) of 95453

I've owned OPMRF for about a year now. There is huge potential for this co. I'd put your order in at mkt, and sit back and relax. You quibbled over an 1/8 instead of paying 7 3/4 last week now the stock is asking 8 1/4. Forget the chump-change, in the long run it doesn't matter if you paid a half or a qtr. NE conf call: was very upbeat. As I said, there were and are delays in in getting rigs out of the shipyard. The turnkey bus which has been a drag improved substantially this qtr, the co. citing much better margins. Co. also discussed more buying back of shares once its debt structure is set, and/or aquisitions of other drillers as depressed as their stocks are now. In addition, look for the Shelf IV semi which is currently stacked to have a K announced soon. -Lucretius

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