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 (20672)	4/28/1998 3:09:00 PM
From: marc chatman	Read Replies (2) of 95453

PK, regarding MDCO, do you think the dayrates for the GOM hit them in Q1? I was under the impression from the numbers the other GOM drillers were bringing home that the weakening dayrates aren't showing until Q2. I just figured the companies that can't meet estimates don't know how to control the estimates. Heck, with 3 month + contracts for the most part, there's almost no excuse for failing to guide estimates for the next quarter. If the drillers return to their near term highs in the next month or two, I'll be the most pleasantly surprised person here.

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