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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Lucretius who wrote (14622)3/12/1998 1:48:00 PM
From: 007  Read Replies (3) of 95453
 
That was a great post. How about a couple of words comparing NE with DO? I have a lot of RIG, but I'm looking for another deepwater driller to add eventually (when MDCO gets taken out : ' )).

This is worth repeating:
<NE dumped their land rig and shallow jackups onto NBR and PDE, respectively, last yr when drilling bullishness was at its peak, and began moving more towards deepwater when they purchased Nedrill Drilling in late '96 I believe(North sea drilling co.) That's where they got their harsh environment deepwater jackups, all of their drillships, and some of their semi's. Not a bad change out, eh? in
hindsight. I'll never 2nd guess them after those brilliant moves.>

Thanks,
007
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