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

To: cherrypitter who wrote (54159)	11/6/1999 7:45:00 PM
From: Razorbak	Respond to of 95453

TDW and HMAR They were not ordering any new vessels but were picking up good units from weak hands (Hvide). Wouldn't it be interesting if Tidewater actually acquired Hvide sometime down the road? Razor

To: cherrypitter who wrote (54159)	11/6/1999 9:25:00 PM
From: sportsman	Respond to of 95453

Rich, I would have to assume that the 700 is doing a good job. Have you heard anything? I actually sold out of MRL the day before the 700 deadline. I had a bad feeling and it turned out to be correct, but MRL recovered very quickly. I have made four round trips in MRL in the last year and they have been very profitable. I'm in for the fifth time with a cost basis in the high 13's. The conference call was very positive with dayrates heading up all on their jackups. I believe MRL is the best positioned driller with most of their fleet in the GOM and the contracts on the two semi's. Thanks for the info, Sportsman