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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (46543)6/16/1999 6:16:00 PM
From: JHR  Respond to of 95453
 
MRL fans. Just saw some analyst talking about MRL. Some brokerage firm likes it because they think they will deliver on the rig the FGI is building by 7/15. If they make it they have a 5 year contract with Exxon for 165K day rate. If they miss Exxon will force them to a lower rate or cancel.. MRL is saying they will make it, FGI is saying they'll make it.
If they dont future earnings are hurting.

Somebody earlier had asked about MRL.



To: RealMuLan who wrote (46543)6/16/1999 6:22:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
OPEC talking out of both sides of its mouth. A week ago Saudi Arabian and Mexican oil ministers pledged to take additional action if necessary to acheive their $18 brent target price. But today Venezuala says OPEC will consider hiking output as early as September if prices remain strong.

Split developing between price hawks and doves?