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To: diana g who wrote (57299)	12/23/1999 12:36:00 PM
From: marc chatman	Read Replies (2) \| Respond to of 95453

RIG -- don't you think I feel like an idiot? I guessed in my post on Dec. 6 that RIG might be added to the S&P. And I didn't add any. I suppose I just assumed the move to the S&P wouldn't happen before the merger closed.

To: diana g who wrote (57299)	12/23/1999 1:07:00 PM
From: Ditchdigger	Respond to of 95453

Diana, you very well could be right,when the funds stop buying and the shares are released,I also would expect pressure,although I think it is closer to 55mm shares to be released have to check,,there was about 100mm outstanding..any who,,I took my profit at 32 7/8...good luck,DD

To: diana g who wrote (57299)	12/23/1999 4:45:00 PM
From: Brent Hogenson	Read Replies (1) \| Respond to of 95453

The one thing I don't understand about this SLB - RIG gig is why didn't SLB sell off December 20th. If that was the record date, SLB shares should now trade without the benefit of getting the spin off. So theoretically, SLB should have opened down about 5 points on Dec 21st. Had I known this was going to happen I would have bought a lot of SLB for one day. I still don't think we get the sell off that everybody is anticipating. The S&P funds are now going to be net buyers of RIG since it has been added to the index instead of sellers. Everybody remembers when T spun off LU and what happened. I say RIG is in the upper 30's by this time next month. RIG is going to do close to $4 a share cash flow this year at the bottom of the market. In a couple of years they could be doing $8 to $12 a share cash flow. This stock is heading back to the 60's. We will have our day in the sun next quarter when the world is begging OPEC to open the valves.