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

To: upanddown who wrote (58038)	1/6/2000 7:06:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 95453

Thanks for the credit report, which said, "The ratings for Houston, Texas-based Transocean Sedco Forex reflect the company's strong business position as one of the world's largest and most technically advanced oil and natural gas offshore contract drillers, with a large, well-positioned premium rig fleet; relatively clear revenue visibility; and a strong balance sheet. These strengths are somewhat offset by the financial risks inherent in the contract drilling industry, which relies on highly cyclical capital spending patterns of exploration and production (E&P) companies. The merger creates a company with a world class fleet of 75 drilling rigs (47 semisubmersibles, seven deepwater drillships, 17 jackups and four tender rigs) that operate in all major international petroleum E&P regions. Particularly, a large fleet of high-specification deepwater and harsh environment rigs (Transocean Sedco Forex controls roughly one-third of the world's floating offshore rig supply and 30% of rigs capable of drilling in more than 3,000 feet of water) conveys an exceptionally strong business position in a drilling segment characterized by long-term, premium rate contracts and stronger than average rig utilization. A global alliance with oilfield services heavyweight Schlumberger further enhances the company's overall business position." Sounds like "Gorilla" to me. The only question I have is, should I sell now, and hope for one more dip to 24?