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

To: Wowzer who wrote (54486)	11/11/1999 4:00:00 PM
From: Wallace Rivers	Read Replies (1) \| Respond to of 95453

me too...the decrease in net cash disturbs me.

To: Wowzer who wrote (54486)	11/11/1999 4:07:00 PM
From: gpphantom	Read Replies (1) \| Respond to of 95453

I agree and hope we are wrong cause I picked some up at 14 1/2 and I'm anxious to sell. Guess I just got caught up in the herd.

To: Wowzer who wrote (54486)	11/11/1999 4:30:00 PM
From: The Ox	Respond to of 95453

Rory, I couldn't agree more. With most of the oil companies doing everything in their power to reduce cost and streamline operations, trying to squeeze as much profit and margin out of their business, I find it more then troublesome that MDR's cost of operations has increased substantially. Cost of operations is up to 83.8% of revenue from last year's 80.7% for the same quarter (6 mo. up to 83.4% from 81.8%). This during a period where revenues are dropping, not a good trend, IMO. While the selling looks excessive, I'm not sure this is one I want when there are so many other companies in the same industry. JMO, Michael (PS. I guess my call on the chart was right on, but my call on why the stock was weak was WAY OFF. Indonesia is only a minor issue for this company. Lots, I repeat, lots of other reasons why this stock has been dropping)