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 (20278)	4/24/1998 2:14:00 PM
From: Broken_Clock	Read Replies (2) of 95453

LT, that was jack ups in W. Africa...not semis. Also, jack up softness in North Sea. Yes, jack ups are looking tired. But, he did think that ig gas stays strong that would help the slackness. I imagine that NE still keeps jack ups so they can cover all bases but Day is certainly putting NEs future in the dep water stuff. Don't you think the semis(new) will make up for softening jack up rates? Also, I read last night re: the canadian pipeline cancellation...the reason for it was not enough gas to fill it! The demand is there but the Canadian supply isn't. It seems the pipeline cancellation was in the wrong context or did I misread something? Yesterday O & G news had several bullish NG articles. New NG power generators in the east, etc. Current Gas/Oil generators are wearing out, etc.

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