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Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: Michael W. Brom who wrote (1781)	6/12/1999 9:32:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 2005

Michael, re > i've sold all of my position as my uncle has, too.< And your uncle is the astute investor you mentioned before? Now, that worries me a bit. You're right in that earnings must improve now to drive the stock much further, and that takes higher rig utilization and day rates. It seems to me the rise so far has been strictly euphoria over higher crude prices. I'd be interested in your uncle's reasoning, if you'd care to post it. Gottfried

To: Michael W. Brom who wrote (1781)	6/12/1999 10:09:00 PM
From: Benchman	Read Replies (1) \| Respond to of 2005

Thanks Michael, when I mentioned $80/share, I was kind of speaking tongue in cheek. Morgan Stanley has an 18 month target of $80/share (see post #1775). I really don't see $80/share in 18 months myself, but, who knows.......... As I have said in the past, I will be owning this stock for a while. I don't mind holding through some dips here and there or through some short term stagnation. It's easier for me to sleep at night that way anyway :-) Best of luck, B