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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Big Dog who wrote (31028)10/23/1998 10:25:00 AM
From: Merritt  Read Replies (3) of 95453
 
Big:

On 10-21-98 SDC reported revenues up 13.7%, even thought they had lower rig utilization in Venezuela and Indonesia...the reason for the increased revenues was given as having a higher day rate for their rigs during the quarter. Doesn't seem to make sense, but that's what they said. Any thoughts?

TIA, Merritt

PS: I've really enjoyed getting your newsletter.
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