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To: Razorbak who wrote (57812)	1/4/2000 1:45:00 AM
From: Winkman777	Respond to of 95453

Let's not lose sight of the big picture. 1. OPEC is going to keep limiting production. commods.reuters.com 2. No matter what this week's API/DOE #'s are, inventories will still be very low for both crude and product. 3. Worldwide demand is increasing. 4. Every single big dip in the OSX has been a buying opportunity. IMHO all of the above will continue to be true in 2000. Aufweidersehen. Winkman

To: Razorbak who wrote (57812)	1/5/2000 2:24:00 PM
From: Ken Robbins	Respond to of 95453

MDR - latest scuttlebutt. Back in November there were many posts about the troubles with asbestos, etc. I went back and read several, but ask to be forgiven if the following was discussed before. What I am about to post could be classified as rumor. However, the source, who shall remain nameless, is a reliable one. Roger Tetrault, McDermott's fearless leader, who came from B&W has made public proclamations that henceforth when in Rome, McDermott will do bid'ness the American way. Meaning of course that the historic expediencies of doing bid'ness overseas will no longer be allowed. Now this is all well and fine. However, MDR's foreign competitors such as Aker Offshore, Hyundai, Saipem, Heerema, Coflexip Stena, and probably the international division of GLGL (formerly EPTM) are under no such restriction. I can't comment about Halliburton's international marine construction division. Indeed, 3 of McDermott's foreign fabrication yards are rumored to be shut down because of lack of work. Also, MDR has no presence in West Africa since the desolation of the EPTM joint venture. It is speculated that Tetrault will be replaced within 2 years. I pass this along in case some on the thread might be interested and not for the purpose of expressing an opinion on MDR stock. I am neither long nor short this stock.