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To: diana g who wrote (47905)7/13/1999 6:07:00 PM
From: Bald Eagle  Read Replies (1) | Respond to of 95453
 
<<'m looking for a nice dip to enlarge my MRL position when Exxon makes their statement.>>

From personal experience, I know that Exxon ( affectionately known as double-cross in some circles ) will go over the 700 with a fine tooth comb and try to re-negotiate the price. However, they will come to some kind of a deal with MRL, but I think like you do that the price of MRL will probably drop due to the uncertainty.



To: diana g who wrote (47905)7/14/1999 10:04:00 AM
From: Redman  Respond to of 95453
 
You called it.

Red

09:46 [MRL,XON] MARINE DRILLING SAYS MARINE 700 RIG TENDERED TO ESSO IN ACCORDANCE WITH 5 YR CONTRACT.
09:46 [MRL,XON] ESSO WON'T ACCEPT DELIVERY OF RIG 700, BELIEVES IT'S NOT READY, CO'S IN TALKS.


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