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To: Think4Yourself who wrote (54679)	11/12/1999 10:37:00 PM
From: kormac	Respond to of 95453

John, Good comment regarding how to keep the money out of the hands of the lawyers. I also listened to the CC last night and came to the conclusion that the analyst's egos were bruised when Tetrault asked THEM to explain why the markets treated the stock so badly yesterday. Well, today we had a repeat of the same with even greater vengeance. I mentioned in my previous post that MDR made a commitment to pay dividends in January. I wonder if they will take this back and instead now go for a stock buy back. I am certain that us on this thread would opt for the latter, as $30 check for me in January does not look as great as a $12 stock price <vbg>. When the stock closed yesterday at 13 9/16, an appropriate comment on this thread might have been, that it is dead money until spring. I think this stock will bounce $3 quite quickly. Another interesting issue on the press release is that MDR does not see a lot of capital expenditures for 2 quarters. If the oil price stays where it is, this ought to put pressure on the supply and hold up the price well. Couple this with the recovery in the far east and the demand ought to stay strong. with my best, Seppo

To: Think4Yourself who wrote (54679)	11/13/1999 12:53:00 PM
From: Gary Burton	Respond to of 95453

Does anyone recall the specifics of how an otherwise healthy Texaco filed for a prepackaged Chap 11 a few years ago to get around the large legal judgment against it? --ie how it was allowed to stay operating and how it was allowed to somehow keep its assets and how it was apparently able to in effect eliminate the effects of the judgment verdict against it? I forget--except to recall that as soon as they did file in the end, the stock firmed up and life seemed to carry on --Any legal types or former Texaco investors on this thread?