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To: marc chatman who wrote (57649)	12/30/1999 11:25:00 PM
From: IndioBlues	Read Replies (1) \| Respond to of 95453

Marc, I understand the logic in your comment that "SLB should drop several points after spinning off Sedco Forex" but I guess I am not convinced that will happen. Wouldn't you expect massive, institutional-driven options activity if that were the case? E.g., Jan 60 puts would seem to a great way to play such a move yet only 200 contracts traded today, and the open interest on the call side exceeds the open interest in puts according to CBOE stats. I may be way off but I have a hunch the adjustment is already reflected in the share price. fwiw