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: Lucretius who wrote (14762)	3/13/1998 4:39:00 PM
From: Czechsinthemail	Read Replies (1) of 95453

LT, I agree that FGII's down day seems most likely related to HLX weakness. Regarding construction and shipyard delays, they seem to have impacted NE last quarter and I've heard concerns raised that other companies with building projects may see delays. These would seem to be positives in prolonging the drilling cycle, but perhaps negatives for the particular companies unable to get their rigs into service in a timely manner. And do delays mean FGII and HLX get reduced revenues and higher costs thereby reducing earnings? What are your thoughts on where the main effects are likely to be seen? Baird

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