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

To: BDR who wrote (53448)	10/23/1999 5:27:00 PM
From: Teddy	Respond to of 95453

hi Dale, RE: "Salomon Smith Barney on Oil Drilling & Services (10/22)" I think Salomon and friends are the wizest people on the planet. (they just sent me a Futures thingies yesterday) They are also the worst Market timers ever. I agree that 2000 is going to be a great year, but it seems that not too many people want to buy that boom at this time. i think i will able to buy back the shares i sold Friday for less in 14 days. Anyway, here's the Rig Count: October 22, 1999 Offshore rig counts unchanged HOUSTON: The offshore rig count pattern of recent weeks continues. According to Offshore Data Services' weekly mobile offshore rig count, the U.S. Gulf of Mexico rig count increased and the European offshore rig count declined. A three-rig increase in the U.S. Gulf of Mexico rig count since last week boosted that number to 142. Fleet size remains unchanged at 190 rigs. Fleet utilization is 74.7 percent. The continuing increases in rig demand in the region have resulted in rising rig rates, primarily for units that work in the Gulf's shallower waters. A two-rig decline in the European offshore rig count continues the downward trend in the region's rig demand that is expected to continue into next year. This week, 75 of 106 mobile offshore drilling units in European waters are under contract. European offshore drilling fleet utilization is 70.8 percent this week. Changes in the U.S. Gulf, European and other area's offshore rig counts resulted in a net one-rig decline in worldwide offshore rig utilization. This week, 471 of the world's 631 mobile offshore drilling rigs are under contract. Worldwide offshore rig utilization is 74.6 percent.