Ensco International Inc. (ESV) Message Board

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Gold/Mining/Energy : Ensco International Inc. (ESV)

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To: steve harris who wrote (1619)	1/4/1999 8:31:00 AM
From: shust	Read Replies (1) of 2005

Steve, The three new barge rigs should be here and working around March. They are all under contract so that is good. Under a worst case scenario this is all that will be working. I'm not sure what will happen with all the other stacked rigs, but will let you know when I find out. I know quite a few of the Ensco boys here. It's tough going for all the companies here. Halliburton, Schlumberger, etc. have laid off tons of people. One guy I know stated that the first round of cutbacks was easy, but now companies are letting very good people go. I own ESV, FLC, GLM, and WFT. In 3-5 years we'll look back at this and say why didn't I buy more. Even with this downturn all the oil people here think this is a great buying opportunity at these levels. Well I'm off to Margarita Island this afternoon. ESV is a very good company. I wouldn't sell now. All the best, shust

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