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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: John Carpenter who wrote (38230)2/24/1999 6:31:00 PM
From: VLAD  Read Replies (2) of 95453
 
John,

Actually the CDG aquisition wasn't all that bad a move. About 1/2 the CDG rigs are in Venuzeula and are under long term contracts. It's the 12 or so rigs in the GOM that is probably hurting them right now but most of those were drilling for natural gas not oil and FLC's current forecast short term for natural gas is positive.
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