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: mph who wrote (25027)	6/30/1998 10:13:00 PM
From: Big Dog	Read Replies (2) of 95453

LT -- Good to see an old face around here...sure miss our fave voodoo babe miss lisa! And little teddy too. I have a little theory on these drilling companies -- on why they can just only make so much money before they limit out. As opposed to Yahoo and its ilk. Nothing really fancy just common sense I guess, assuming you understand the drilling bidness. I will write this up and put it out on the first official edition of Offshore Drilling Bits, The Dog's nuevo e-newsletter. Hopefully out sometime this wknd. To subscribe for free, send blank email to: mailto:offshore-subscribe@makelist.com FGII was really wanting to break out today...still made a nice little rise. Remember, its a leader. MIND is dead meat until the CAL's are dismissed, maybe that is soon? Anybody know how to check the court docket? RIG seems to be attracting money. I heard a rumor today that there had been a deal in place to buy MDCO and sell of the jackups to pay for it...but the deal broke down for some reason. Just a rumor. But gauging the stock action of 6-8 weeks ago, if you recall, MDCO stayed steady on high volume while everything else went down. Could have been someone buying in relation to such a deal and has now taken to selling....just a thought. If this is the case, I would say the selling is over. MDCO looks and acts like it wants to be a leader on the way back up. big

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