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

To: ItsAllCyclical who wrote (58822)	1/20/2000 7:00:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

Marine Drilling Companies Inc. Announces Purchase of Rig and Schedule of Fourth Quarter Earnings Release/Conference Call SUGAR LAND, Texas--(BUSINESS WIRE)--Jan. 20, 2000--Marine Drilling Companies Inc. (NYSE:MRL) today announced that it closed on the previously announced acquisition of the Baruna V, a 200-foot mat cantilever jackup rig. The company accepted delivery of the rig in Singapore and paid the $13.5 million purchase price from cash on hand received from its recent equity offering. The rig has been renamed the Marine 202 and will be mobilized to the Gulf of Mexico during the first and second quarters of 2000. Additionally, the company announced that its fourth quarter 1999 earnings release and conference call is scheduled for Tuesday, Jan. 25, 2000. The press release announcing fourth quarter earnings will be issued prior to market open and the conference call will be at 10 a.m. Central time. Interested parties may listen to the call via Marine Drilling's Web site at mardril.com. Marine Drilling suggests you connect with the site at least 15 minutes prior to the call to ensure adequate time for any software download that may be needed to hear the call. There will be a digital replay of the conference call available beginning at 1 p.m. Central time on the day of the call through Friday, Jan. 28, 2000 at 888/266-2081 or 703/925-2533 for international callers. Marine Drilling Companies Inc. is an offshore drilling contractor with a fleet of 18 offshore drilling rigs located in the U.S. Gulf of Mexico and select international markets. The fleet consists of 16 jackups, one of which is currently configured as an accommodation unit, and two deep-water semi-submersibles. This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities or events the company believes will or may occur in the future are forward-looking statements. Such statements are subject to a number of uncertainties that are discussed in the company's most recent Forms 10-K and 10-Q. Investors are cautioned that actual results may differ materially from those projected in the forward-looking statements. For online information about Marine Drilling Companies Inc. visit mardril.com. CONTACT: Marine Drilling Companies Inc., Sugar Land T. Scott O'Keefe, 281/243-3000

To: ItsAllCyclical who wrote (58822)	1/20/2000 7:45:00 PM
From: upanddown	Respond to of 95453

Feb crude settled at 29.66 at expiration today while the new current month, Mar, closed at 27.97. Thats a hell of a big gap. Mar is up to the mid 28's in afterhours trading. Not sure whether this means Feb was caught up in technical action, unwinding positions and covering shorts and that Mar was the more meaningful price. I think we can expect strong prices tomorrow based on the afterhours action. I expect the OSX correction to be short-lived. I don't see retracement to the low 80's. John

To: ItsAllCyclical who wrote (58822)	1/20/2000 8:17:00 PM
From: Gary Burton	Respond to of 95453

Jim--Take a look at the long term weekly or monthly chart of the New York Financial Index (NF) going back to 1990 ----To me, it shows a clear Wave 1 from 90 to 93, Wave 2 from 93-94 and then Wave 3 from 94 to 98 followed by an ABCDE triangle for Wave 4 which is almost complete--suggesting that Wave 5 to a new high could soon be starting that could see NF rising roughly 70% from current levels!---A triangle is a classic type of a Wave 4 pattern under elliott. When I look at this chart, the triangle nature of the correction since the summer of 98 suggests strongly of new highs to come, since quite apart from EW, triangles are usually continuation patterns...Food for thought---my 2c fwiw