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: Broken_Clock who wrote (12857)	2/25/1998 10:30:00 PM
From: Big Dog	Read Replies (1) of 95453

Report from the front. Another day on the street for the Big Un. I can report that a major oil company told us today that they have calculated a green light for their deepwater projects at 12 dollar oil. Below 12 they may re-evaluate certain projects. This are giant projects and they aren't going anywhere. A senior manager with one of our favorite NYSE drillers (not the same one as mentioned yesterday) told me they are seeing zero slack off in day rates for their rigs. Watch for new rig construction announcements soon. Big Dog will be interviewed in the morning by Gas Daily. Not exactly a household name, but I will be getting out in the press more and more. Check out oilonline.com for an announcement about his doggedness going back to work. (may be posted on that site Thursday or Friday). Nice action today...and don't think the execs at our companies do not watch these stock prices like a hawk. They are very aware of everything going on and don't understand the low values. That's about it today...back to work.

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